N398m fraud: Ex-NIHORT boss, accountant operated 2  illegal accounts—EFCC

Accounts
By Suleiman Shehu
Ibadan, April 9, 2018 (NAN) Mr Chinwendu Osita, an investigative officer  with the EFCC, on Monday told an  Oyo State High Court in Ibadan  that a former Executive Director of  the National Horticultural Research Institutes (NIHORT), Ibadan, Dr Ademola Idowu, and an  accountant, Isiah Ajisafe, operated  two illegal accounts.

Osita, who was  led in evidence by the counsel to the EFCC, Mr Kayode Oni, said that the defendants operated  the illegal accounts alongside the  three accounts authorised for Ministries,  Departments  and Agencies (MDAs).

He said that the only three accounts authorised for MDAs were those of  overhead, recurrent and capital.

The witness said that the defendants illegally operated  the two accounts at Keystone and Skye Bank with the names,  Vegetable Development and Producer Company and Horticultural Pest and Disease Company.

While being cross-examined by the defendants’ counsel, Mr Gbonajo Badejo (SAN), the witness said that what the commission investigated was the existence or otherwise of illegal accounts  following   an allegation.

Osita also said a case of diversion of public fund and stealing  was also  investigated.

“The Auditor-General of the Federation had  already queried the defendants on the opening of the illegal accounts,’’ he said.

Justice Munta Abimbola adjourned the case till May 30 and May 31 for continuation of hearing.

The News Agency of  Nigeria (NAN)  reports  that Idowu and  Ajisafe are facing a 16-count charge  bordering on conspiracy  and fraudulently misappropriating N398 million through contracts splitting.

The defendants, however, had  earlier pleaded not guilty to the charges and were subsequently granted bail. (NAN)
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(Edited by Mufutau Ojo)