Skip to content
October 25, 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

Troops Rescue Over 70 Hostages, Recover ₦10M Ransom, Arrest Key Terrorists Nationwide
  • National News

Troops Rescue Over 70 Hostages, Recover ₦10M Ransom, Arrest Key Terrorists Nationwide

October 24, 2026
How Swiss woman brought Ebola to Nigeria, itinerary suggests WHO was wrong
  • National News

How Swiss woman brought Ebola to Nigeria, itinerary suggests WHO was wrong

October 24, 2026
Nigerian Navy Uncovers 132,000 Litres of Suspected Stolen Crude Oil in Rivers Naval rating arrested
  • National News

Nigerian Navy Uncovers 132,000 Litres of Suspected Stolen Crude Oil in Rivers

October 23, 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

David Umahi: The Deliberate Fratricide, By Valentine Obienyem Dave Umahi
  • Commentaries

David Umahi: The Deliberate Fratricide, By Valentine Obienyem

October 25, 2026
Uduaghan: Statesman, hero, patriot; adieu,  by Ken Ugbechie
  • Commentaries

Uduaghan: Statesman, hero, patriot; adieu,  by Ken Ugbechie

October 25, 2026
Tinubu hits back at opposition: You created the hunger, poverty we are trying to fix
  • Politics

Tinubu hits back at opposition: You created the hunger, poverty we are trying to fix

October 25, 2026
Troops Rescue Over 70 Hostages, Recover ₦10M Ransom, Arrest Key Terrorists Nationwide
  • National News

Troops Rescue Over 70 Hostages, Recover ₦10M Ransom, Arrest Key Terrorists Nationwide

October 24, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.