Arms Deal: Ex-NAF Finance Chief Returns N84m Funds To EFCC

The former Director of Finance and Budget of the Nigerian Air Force (NAF), Air Commodore O. O. Gbadebo has reportedly returned the sum of N84 million in looted funds to the Economic and Financial Crimes Commission (EFCC).

An impeccable source in the EFCC told The Punch Newspaper on Sunday, February 14, that investigations revealed the money was diverted from the account of the Air Force.

According to the source, the anti-graft agency after confiscating some properties belonging to the former NAF finance director continued its investigation.

“After we sealed some properties last week, we continued to grill the three officers. Gbadebo finally confessed to diverting N84m into his company account. The money was swiftly recovered.

“We have also seized a large fish processing company belonging to Adigun. He also manufactures fish feeds, which he sells to end users,” the source said.

Gbadebo has been linked to the $2.1 billion arms deal fraud along with former Chief of Air Staff, Adesola Amosu and other senior officers.

READ ALSO: Arms Deal: EFCC Apprehends Amosu’s Wife, Recovers $1M In Soakaway Pit

The source, however, debunked media reports that the EFCC recovered $1 million from the residence of Amosu in Badagry, Lagos. He said it was about $117,000 that was recovered during the search.

“There have been reports that $1m was recovered from a soak away in Amosu’s Badagry home. This is not true.

“The actual amount recovered was about $117,000 and it was kept in a safe in the house and not in a soak away. The money is currently in our exhibit room. We also recovered N200,000 in cash from the house,” the source said.

The source added that the Air Force officers usually created companies and bank accounts in the names of third parties to aid their money laundering operations.

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