Five days after a promise to provide information on how Coscharis, which supplied the two armoured cars now at the center of a major scam in the aviation sector, paid BMW for the vehicles, the company\u2019s management has disappeared from the radar of the Economic and Financial Crimes Commission (EFCC).<\/p>\n
The agency\u2019s investigators last week grilled Josiah Samuels, the Managing Director of Coscharis Motors Limited, and he reportedly confessed that he was unsure how to find the information relating to payments made the BMW Group in Germany.<\/p>\n
The vehicles were manufactured as part of BMW high security vehicles, and assembled at the BMW Plant Dingolfing, Germany. A source at the plant told SaharaReporters that the cost of a brand newB7 level security BMW 760 Li HSS is between 170,000-190,000 Euros at factory price.<\/p>\n
However, Coscharis Motors \u2018sold\u2019 the vehicles to the Nigeria Civil Aviation Authority for a gargantuan $800,000 apiece.<\/p>\n
That highly inflated price of the vehicle was the principal subject of the EFCC interrogation of Coscharis officials last week. They were grilled over two days and told to return with full details of how Coscharis ended up paying 418,000 Euros for each of the vehicles but officials at the agency said Coscharis MD and officials have refused to provide the bank statements of their wire transfers showing the amount paid to BMW for the vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"
Five days after a promise to provide information on how Coscharis, which supplied the two armoured cars now at the center of a major scam in the aviation sector, paid…<\/p>\n","protected":false},"author":1,"featured_media":19301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-19300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\n