HomeNewsN33bn Fraud: How Dem Cash Land, Forex With ONSA Money

N33bn Fraud: How Dem Cash Land, Forex With ONSA Money

Wetin dey happen? Na so one EFCC oga don come yarn how dem dey squander N33.2 billion wey suppose go arms buying for our military.

For court wey dey Abuja, Michael Adarikun, wey be EFCC detective, don expose how money wey dem transfer from the Office of National Security Adviser (ONSA) don land for multiple companies wey connect to Aminu Baba-Kusa, wey be former NNPC official. This one na serious wahala.

Di gist start on April 17, 2015, when dem transfer N600 million go Acacia Holdings. Before dem drop di money, Acacia get just N27,094. E no dey make sense abi? But after dat money land, dem start scatter am any-how.

Like joke, on April 23, dem carry N60 million give Hidayatul Atfaal Islamic Academy, just small down payment for land wey cost N120 million. Baba-Kusa don give order for dis kind money matter. Na so dem dey chop money like say tomorrow no dey.

Then on April 24, N124 million just waka go, and no body fit explain wetin dem want use am do. Clear wahala dey for there, as money waka upandan without proper example.

Later for April 27, dem send N8.7 million go Saleh for “beacon processing” of lands wey Baba-Kusa don buy. Na so dem dey do transaction, dey buy land everywhere and dem dey use money wey no fit gree show face.

Dem even use part of di money buy forex, how you go explain dat one? N23 million for conversion to dollars, and another N23 million converted to euros. Na wah!

Adarikun follow talk say dem carry N70 million give Medical Plastic Limited, where Baba-Kusa wife dey hold majority shares. This matter dey sweet for who sabi do gra-gra.

As dem dey yarn this matter, Justice Agbaza don adjourn di case to January 14, 2026. Na long journey wey dem still dey follow.

Dis saga don expose how our leaders dey handle money as if e be their family pocket money. Na why we need to dey sharp for all dis kinds matter, make we no allow dem dual our eyes.


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Rachel Adams
Rachel Adamshttps://nnn.ng/
NNN publishes breaking news from Nigeria and around the world, to ensure that every Nigerian can read national news. NNN is committed to publishing news that is accurate, reliable, authoritative, and thoroughly researched.
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