A former Director of Police Pension Fund, Esai Dangabar, who is currently standing trial for complicity in the over N24 billion scam in the police pension office was on Wednesday, October 12, exposed by a witness of the Economic and Financial Crimes Commission witness, Mr. Mustapha Gadanya, who told an FCT High Court how Dangabar allegedly move the said amount of money into different accounts.
The ex-director is standing trial alongside Atiku Kigo, Ahmed Wada, Veronica Onyegbula, Sani Zira, Uzoma Attang and Christian Madubuke.
In his testimony, Gadanya who was reported to be part of the team the conducted investigations into the case, told the court that some money was lodged into various accounts by Mr. Esai Dangabar, adding that the bank analysis showed that he fixed a part of the money in the bank to yield a turnover.
Speaking as he was led in evidence by the EFCC counsel, Mr. Rotimi Jacobs (SAN), the witness further revealed that between May 2008 and July 2009, about N320m was deposited in Skye Bank for Marine Logistics company and leisure Integrated Ltd., both companies belonging to the accused former director of Police Pension Fund.
The witness continued, saying that the fixed money yielded a turnover amounting to N249.8 million and N241 million respectively which on discovery, was later sent to the Federal Government.
He also implicated the manager of Skye Bank, Jabi branch, as he disclosed to the court that he helped the first defendant, Esai Dangabar, to launder about N840 million between February 2009 and June 2010. In addition, Gadanya said it was found out that the first defendant was equally the Managing Director and the sole signatory on the account of Damule Nigeria Limited, the company where his son was listed as a director.
The investigator also pointed that the ownership of 16 duplexes at Wuyi District belonging to Dangarbar as well as six flats at Efab, all in Abuja, has been temporarily transferred to the Federal Government.
The presiding judge, Justice Husseni Baba-Yusuf, adjourned the trial till today, Thursday, October 13.