More Details Emerge From EFCC Against Belgore In The N450M Fraud Saga

The Economic and Financial Crimes Commission revealed to Justice Rilwan Aikwa, of the Federal High Court Ikoyi, Lagos, how Muhammed Belgore, a governorship candidate of the People’s Democratic Party in the 2011 Kwara State gubernatorial election, gave N126.5M cash to members of the Kwara Senatorial districts, out of the N450M allegedly paid by a former Minister of Petroleum Resources, Diezani Allison-Madueke.

 At the hearing, which resumed on Wednesday, the prosecution counsel, Rotimi Oyedepo, asked Belgore if he could recall that he stated, in his evidence, that he saw N450M at the bank, signed the receipt and instructed the bank to keep it safe for him.

Oyedepo further asked Belgore if he recalled that he also stated in his evidence that he called a stakeholders’ meeting upon receipt of the money. Belgore responded: “Yes, I called a stakeholders’ meeting. It was at the meeting we discussed the disbursement of the money and agreed that each senatorial district should nominate two people each, who would collect money for their district.”

Oyedepo put it to Belgore that:“ Mr. Zikrullah Balogun, your personal assistant, made several disbursements  on your instructions and received in cash N80M;  Mr. Sheriff Shagaya received N50M; Mr. Isa Beau, N61,656,000; Mrs. Shola Adeoti, N102,298,000; Mr Iyola Oyedepo, N9,574,000 and Senator Sulaiman Ajadi, N19,689,000.”

Belgore told the court that the stakeholders gave him instructions, which he passed to his personal assistant, Balogun, to carry out. “Yes, I was informed that they all received the money and it was paid in cash,” he confessed. Justice Aikawa adjourned the case to June 17, 2019 for continuation of cross-examination.

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