Ex-CDS Alex Badeh stole N3.9bn in 12 months –EFCC

According to the Economic and Financial Crimes Commission (EFCC), former Chief of Defence Staff (CDS), Alex Badeh laundered N3.9 billion from the accounts of the Nigerian Air Force (NAF) between January and December 2013. Badeh has been accused of 10 counts of money laundering along with a company, Iyalikam Nigeria Limited.

The allegations against the former military chief were contained in a charge sheet filed by the EFCC before the Federal High Court in Abuja.
The anti-graft agency said further that Badeh’s actions amount to a “criminal breach of trust and corruption”.
The charges are as follows
“That you, Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December 2013 in Abuja, within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N1,100,000,000 (one billion, one hundred million naira only) removed from the accounts of the Nigerian Air Force to purchase for yourselves a mansion situate at No. 6 Ogun River Street, off Danube Street, Maitama, Abuja, when your reasonably ought to have known that the said funds formed part of the proceeds of unlawful activity.”
“That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December 2013, in Abuja, within the jurisdiction of this honourable court, did use dollar equivalent of the sum of N650,000,000 (Six hundred and fifty million naira only), removed from the accounts of the Nigerian Air Force, to purchase for yourselves a commercial plot of land, situate at Plot 1386 Oda Crescent, Cadastral Zone A07, Wuse II, Abuja.”
“That you Air Chief Marshal Alex S. Badeh (whilst being the Chief of Air Staff, Nigerian Air Force) and Iyalikam Nigeria Limited between January and December 2013, in Abuja, within the jurisdiction of this honourable court, did use an aggregate sum of N878,362,732.94 (eight hundred and seventy-eight million, three hundred and sixty-two thousand, seven hundred and thirty-two naira, ninety-four kobo), removed from the accounts of the Nigerian Air Force and paid into the account of Rytebuilders Technologies Limited with Zenith Bank Plc for the construction of a shopping mall, situate at Plot 1386 Oda Crescent, Cadastral Zone A07, Wuse II, Abuja, for yourselves.
Meanwhile, Badeh’s trial, which was set to hold today, March 3, 2016, has been shifted to March 7.