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EFCC drags Stallion Motors MD to court for allegedly giving out N1.275bn ‘gift’ to PDP

9jahitplay news update

EFCC drags Stallion Motors MD to court for allegedly giving out N1.275bn ‘gift’ to PDP

Naijahitplay

EFCC files suit against company, MD for N1.275bn alleged ‘gift’ to PDP
According naij reports, The EFCC has filed a suit against Stallion Motors Limited and its managing director, Hapreet Singh
– The two are facing charges for allegedly giving out N1.275 billion to PDP during 2015 elections
– Sambo Dasuki (rtd) and ex-minister of finance Bashir Yuguda allegedly collected the money for the party
The Economic and Financial Crimes Commission (EFCC) has filed charges against the Stallion Motors Limited and the managing director of the firm, Hapreet Singh, for allegedly giving out the sum of N1.275 billion to the Peoples Democratic Party (PDP) during the 2015 general elections.
The money was reportedly collected on behalf of the party by the former national security adviser, Sambo Dasuki (rtd), and ex-minister of finance Bashir Yuguda, who will be facing alleged bribery and gratification.
The Nation reports that the EFCC also suspected that the payment was an inducement to facilitate payment by the Office of National Security Adviser (ONSA) for a contract for the supply of some 700 trucks and 50 buses.

However, the PDP, in a letter to EFCC, has denied receiving such money from Stallion Motors.
The EFCC claimed that the money was routed through a Bureau De Change, Jabbama Ada Global Ventures Limited.
The owner of the Bureau De Change, Salisu Garus, admitted under oath that he received the cash on behalf of Yuguda.
He said based on Yuguda’s instruction, he handed over the dollar equivalent of the cash to the ex-minister’s son, Safinu.
A source of who asked to be anonymous said: “We have filed charges against Stallion and its MDHapreet Singh in the High Court of Federal Capital Territory.
“Stallion between December 2014 and February 2015 paid the sum of N1.275billion to Dasuki ostensibly to assist in the 2015 general election campaign of the People’s Democratic Party.
“The MD of Stallion(Singh) allegedly claimed that the PDP, through Yuguda and Dasuki, demanded for donation to assist the party prosecute its campaign in the 2015 general election.
“The fund was paid to Jabbama Ada Global Ventures Limited, a Bureau de Change (BDC). SalisuGarus, who is the owner of the BDC, claimed he received the funds on behalf of Bashir Yuguda, a former Minister of State for Finance, at whose instruction the money was changed into dollars and handed over to his son, Safinu Bashir Yuguda.
“When the former minister was invited for questioning, he admitted receiving the money from his son but, added that he ‘handed the entire sum to Col. Sambo Dasuki (rtd).’
“The former NSA, the source disclosed, claimed that a former minister directed him to contact the owners of Stallion Motors because they had promised to make contributions to the election campaign of the PDP. He consequently mandated Yuguda to collect the money.”

But the EFCC said it was suspecting that the payment was an inducement to facilitate payment for the supply of some 700 trucks and buses.
The contract was awarded by the Office of National Security Adviser (ONSA).

The source added: “Detectives suspected that the bribe was allegedly paid by the auto marketing firm to induce payment of a contract by the Office of National Security Adviser under Mr. Sambo Dasuki for the supply of 700 Stallion carrier trucks and 50 buses.”

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