18 Dec 2015

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EFCC arrests Stallion Group MD over N1.25billion payment he made to Dasuki, Yuguda


The Economic and Financial Crimes Commission has arrested the Managing Director of Stallion Group, Harprrie Singh, over a suspicious N1.25billion payment he made into the account of former Minister of State for Finance, Bashir Yuguda for Former National Security Adviser Sambo Dasuki.

Investigations by EFCC revealed that ‎one of the companies being investigated in the arms deal scandal, Jabbama Company, a bureau de change operator, had received payment of N1.375 billion from Stallion group with a later deduction of N100 million, leaving a balance of N1.275billion. The ‎ money was changed into US Dollars ($114,750,000) and handed to Yuguda.

When interrogated about the money he received, Yuguda said the money was for a political purpose and he collected it on behalf of Dasuki. When brought in for questioning, Stallion group MD said that the N1.275 billion ‎he gave Yuguda was at the request of both Dasuki and Yuguda to support their party's election campaign.

More investigation into the matter is ongoing.

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I've even gone so far as to verbalize it specifically, time is too precious to waste on trivial arguments and negativities. I'd rather get on to the more fun and rewarding stuff right away!

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