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A Bureau De Change, BDC, operator has detailed how over N22 billion was allegedly diverted from the federal ministry of power during the tenure of Saleh Mamman as minister.
In July 2024, the Economic and Financial Crimes Commission, EFCC, charged Mamman with a 12-count indictment, accusing him of money laundering and conspiring with ministry officials and private companies to indirectly convert N33.8 billion allocated for the Zungeru and Mambilla hydroelectric power projects.
The former minister denied all charges.
On Wednesday, January 22, during court proceedings, the eighth prosecution witness, Suleman, testified that the funds were funneled through 12 of his business accounts without any actual project or service being executed.
He identified the companies involved as Prymint Investment Limited, Strong Field International Projects Limited, Mintedge Nigeria Limited, First Class Construction and Project, Silverline Ocean Ventures, Golden Bond Nigeria Limited, and Sipikin Global Enterprise.
Other companies mentioned include Spinhiills Biz International Limited, Fullest Utility Concepts Limited, Platinum Touch Enterprises, Breathable Investment Limited, and Gurupche Business Enterprises, which is owned by his brother.
“From my rough calculations, the amount I have received through the transactions will be more than N22 billion,” he said.
Suleman further stated that he, along with one Maina Goje, participated in the transactions, stating, “We have been working together since 2019 till 2024.”
The witness also revealed that following Goje’s instructions, he converted naira to dollars and either delivered or transferred the funds as directed.
Additionally, the court examined the exhibit X series, which included bank statements from Suleman’s companies.
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