Led in evidence by the prosecuting counsel, Rotimi Jacob SAN, Musa said PLASMEDA was non-existent at the time the loan request was made.
According to him, the fund was not utilized for the purpose for which it was obtained.
“Investigation revealed that the letter sent by the 1st defendant to CBN was deceit, because there was no office for PLASMEDA, nor was anybody employed as a staff.
” In the course of our investigation, our findings showed that the N2billion was moved from the Project 1 account to the Office of the Secretary to the State Government account.
“It was spent for classified expenditure which is the pure diversion of public funds,” he added.