{"id":66676,"date":"2019-05-16T05:26:11","date_gmt":"2019-05-16T04:26:11","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=66676"},"modified":"2019-05-16T05:26:11","modified_gmt":"2019-05-16T04:26:11","slug":"alleged-n450m-fraud-efcc-names-recipients-of-n126-5m-disbursed-by-belgore","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/alleged-n450m-fraud-efcc-names-recipients-of-n126-5m-disbursed-by-belgore\/","title":{"rendered":"Alleged N450m Fraud: EFCC Names Recipients Of N126.5m Disbursed By\u00a0 Belgore"},"content":{"rendered":"<div id=\"m6435598996165901421\" class=\"mail-message \">\n<div class=\"mail-message-header spacer\">The Economic and Financial Crimes Commission, on Wednesday, May 15,<\/div>\n<\/div>\n<div id=\"m-1401487334950748428\" class=\"mail-message expanded\">\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \">\n<div class=\"clear\">2019, told Justice Rilwan Aikwa of the Federal High Court sitting in<br \/>\nIkoyi, Lagos how Muhammed Belgore, a governorship candidate of the<br \/>\nPeoples Democratic Party, PDP, in the 2011 Kwara State gubernatorial<br \/>\nelection, had disbursed a sum of N126,500,000 (One Hundred and Twenty-<br \/>\nsix Million, Five Hundred Thousand Naira) to some\u00a0 members of the Kwara<br \/>\nSenatorial Districts in cash\u00a0 out of the alleged N450, 000, 000 paid by<br \/>\na former Minister of Petroleum Resources, Diezani Allison-Madueke.<\/p>\n<p>At the resumed hearing today, the prosecution counsel, Rotimi Oyedepo,<br \/>\nasked Belgore if he recalled that he had stated, in his evidence, that<br \/>\nhe saw the money (N450,000,000.00) at the bank, signed the receipt and<br \/>\ninstructed the bank to safe-keep it for him.<\/p>\n<p>Oyedepo further asked Belgore if he recalled that he also stated in his<br \/>\nevidence that he called a stakeholders&#8217; meeting upon receipt of the<br \/>\nmoney.<\/p>\n<p>In his response, Belgore said: &#8220;Yes, I called a stakeholders&#8217; meeting.<br \/>\nIt was at the meeting we discussed the disbursement of the money and<br \/>\nagreed that each Senatorial district should nominate two people each,<br \/>\nwho would collect money for their district.&#8221;<\/p>\n<p>When the prosecution counsel asked Belgore, under cross-examination, if<br \/>\nhe gave any written instructions to disburse the money the bank was<br \/>\nkeeping on his behalf, he said: &#8220;It is true I did not have any written<br \/>\ninstructions for the disbursements.&#8221;<\/p>\n<p>When asked if he had ever had cause to issue instructions to any bank<br \/>\nwhere he is not a customer, Belgore said:\u00a0 &#8220;I have not issued any<br \/>\ninstructions to a bank, where I am not a customer.&#8221;<\/p>\n<p>Consequently, Oyedepo put it to Belgore that he disbursed the sum of<br \/>\nover N126, 500,000(One Hundred and Twenty-six Million, Five Hundred<br \/>\nThousand Naira) to various beneficiaries out of the N450, 000, 000.00 as<br \/>\nagreed in the stakeholders meeting, adding that &#8221; Mr. Zikrullah Balogun,<br \/>\nyour Personal Assistant, made several disbursements\u00a0 on your<br \/>\ninstructions and received in cash N80,000,000 (Eighty Million Naira);<br \/>\nMr. Sheriff Shagaya received N50,000,000 (Fifty Million Naira); Mr. Isa<br \/>\nBeau received in cash\u00a0 N 61,656,000(Sixty One Million, Six Hundred and<br \/>\nFifty- six Thousand Naira); Mrs. Shola Adeoti received in cash<br \/>\nN102,298,000(One Hundred and Two Million, Two Hundred and Ninet- eight<br \/>\nThousand Naira); Mr Iyola Oyedepo received in cash N9,574, 000(Nine<br \/>\nMillion, Five Hundred and Seventy- four Thousand Naira) and Senator<br \/>\nSulaiman Ajadi received in cash the sum of N19,689,000( Nineteen<br \/>\nMillion, Six Hundred and Eighty- nine Thousand Naira).&#8221;<\/p>\n<p>Belgore told the court that the stakeholders gave him instructions,<br \/>\nwhich he passed to his Personal Assistant, Balogun, to carry out.<\/p>\n<p>&#8220;Yes, I was informed that they all received the money and it was paid in<br \/>\ncash,&#8221; he further stated.<\/p>\n<p>Justice Aikawa adjourned the case to June 17, 2019 for continuation of<br \/>\ncross-examination.<\/p><\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\"><\/div>\n<\/div>\n<div id=\"conversation-footer\" class=\"spacer\"><\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Economic and Financial Crimes Commission, on Wednesday, May 15, 2019, told Justice Rilwan Aikwa of the Federal High Court sitting in Ikoyi, Lagos how Muhammed Belgore, a governorship candidate&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":2964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-66676","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Alleged N450m Fraud: EFCC Names Recipients Of N126.5m Disbursed By\u00a0 Belgore - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/alleged-n450m-fraud-efcc-names-recipients-of-n126-5m-disbursed-by-belgore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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