Skip to content
August 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • How Suswam Laundered N1 billion, Witness Tells Court
  • National News

How Suswam Laundered N1 billion, Witness Tells Court

Admin February 15, 2016

suswamThe trial of Gabriel Suswan, a former governor of Benue State and his Commissioner of Finance, Okolobia Okpanachi, continued on Monday, February 15, 2016, with a prosecution witness, Brijid Shiedie, managing director and chief executive officer, Benue Investment and Property Company Limited, telling Justice A. R. Mohammed of the Federal High Court Abuja, how the sum of N1bn was allegedly paid to Elixir Security Limited, after a meeting with Okpanachi.

Suswan and Okolobia are facing a nine-count charge bordering on diversion of N3.1 billion during his tenure as governor.

At the resumed hearing today, Shiedu, who was led in evidence by prosecuting counsel, Rotimi Jacobs, SAN, further told the court that Elixir was invited by the state government to carry out a check of where the state’s shares were domiciled and consolidate them in one stock- broking firm.

She added that the state government consequently needed BIPCL, as the custodian of the shares, to sign, in order to enable Elixir achieve the mandate of consolidating the shares.

She also told the court that both Suswan and Okpanachi directed BIPCL to pay Elixir the proceeds of Benue State shares, into two accounts, provided by the ministry of finance letter head.

However, she said that no specific amount was indicated in the correspondence.

‘‘When Elixir called me to find out what was to be paid into each of the accounts, I said that since the money was going to the Benue State government, a request should be forwarded to the Commissioner of Finance. It was communicated on the Company’s letter head,’’ Shiedie explained.

The court had earlier admitted in evidence, the certified copy of Certificate of Incorporation of BIPCL from the Corporate Affairs Commission.

The defence counsel, Joseph Daudu, SAN, asked for an adjournment to enable him cross-examine the witness, saying she is crucial to the case. Consequently, the case was adjourned to February 16, 2016.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar recommended

Post navigation

Previous Buhari Bows to Party Pressure, Sacks More DGs, Dabiri, Akabueze Now Advisers
Next Police Chief Dies in Lagos Hotel Swimming Pool

Related Stories

Bayelsa Assembly defies court order: Still summons Sagbama Council chairperson
  • National News

Bayelsa Assembly defies court order: Still summons Sagbama Council chairperson

August 18, 2026
NDLEA destroys 4.6 tonnes of suspected cannabis farms in Edo
  • National News

NDLEA destroys 4.6 tonnes of suspected cannabis farms in Edo

August 17, 2026
Customs hands over cannabis cookies worth N373.8m to NDLEA federal republic of nigeria
  • National News

Customs hands over cannabis cookies worth N373.8m to NDLEA

August 17, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Under Tinubu, FAAC allocations peak at N2.8trn monthly, highest ever – Oyedele
  • Business & Economy

Under Tinubu, FAAC allocations peak at N2.8trn monthly, highest ever – Oyedele

August 18, 2026
Osun 2026: When the people speak, politics must listen, by Muyiwa Akintunde
  • Commentaries

Osun 2026: When the people speak, politics must listen, by Muyiwa Akintunde

August 18, 2026
Bayelsa Assembly defies court order: Still summons Sagbama Council chairperson
  • National News

Bayelsa Assembly defies court order: Still summons Sagbama Council chairperson

August 18, 2026
NDC leader Dickson appoints Sani Takori, VinMartin Ilo, Steve Nwosu as aides
  • Politics

NDC leader Dickson appoints Sani Takori, VinMartin Ilo, Steve Nwosu as aides

August 18, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.