Former Air Force boss returns N84M stolen funds to EFCC

The former Director of Finance and Budget of the Nigerian Air Force (NAF), Air Commodore O. O. Gbadebo has returned N84 million in looted funds to the Economic and Financial Crimes Commission (EFCC), reports say.

Gbadebo has been linked to the $2.1 billion arms deal fraud along with former Chief of Air Staff, Adesola Amosu and other senior officers.

The returned sum is said to have been diverted from the account of the Air Force, according to Punch.

“After we sealed some properties last week, we continued to grill the three officers. Gbadebo finally confessed to diverting N84m into his company account. The money was swiftly recovered,” an EFCC source said.

The source added that the Air Force officers usually created companies and bank accounts in the names of third parties to aid their money laundering operations.

The EFCC had earlier seized properties worth N5bn from Gbadebo, Amosu and former NAF Chief of Accounts and Budgeting, Air Vice Marshal J.B. Adigun.