has told the Federal High Court in Ikoyi, Lagos, that his bank disbursed
the sum of N264 million to two officials of the Independent National
Electoral Commission (INEC), Christain Nwosu and Isa Olarenwaju
Adedoyin, who are currently standing trial for unlawful gratification.
Mr. Olaobaju, who gave testimony as a prosecution witness, told the
court on Wednesday that a sum of N115,000,000 was deposited into the
bank by different oil companies and some individuals on the instructions
of former minister for petroleum, Mrs. Diezani Alison-Madueke.
He stated further that more instructions came from the minister that
certain individuals whose names were drafted on a list would come with
means of identification and that the money be disbursed to them.
“Around 2015, there was a meeting between our MD and former petroleum
minister, in which she explained that some companies and individuals
will come to pay into some accounts. In addition, she said certain
individuals were bringing some cash for her and a total sum of
$89,000,000 was paid into these accounts. Those individuals brought
$25,000,000,” the witness said.
He added that the money was converted to naira, totaling N115 billion
and distributed across persons from 36 states of the federation.
When the prosecutor, Rotimi Oyedepo, who lead the examination in
chief, asked the witness how he knew the defendants, he said, “There was
an instruction that they should be paid N264,880,000 and they were
paid. The instruction to pay them came from head office as instructed by
He also informed the court that they signed the receipt of payment which was subsequently admitted as evidence.
The defendants were arraigned on Wednesday, April 5, 2017 alongside
one Tijani Bashir, who in the course of the trial entered into a plea
bargain agreement with the commission.
Bashir pleaded guilty, returned property purchased with the proceeds of crime and paid a fine of N5,000,000.
They were accused of taking bribes from the former Minister of Petroleum.
The presiding judge, Justice Muhammed Idris, adjourned the matter till Thursday, June 29, for continuation of trial.