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Wednesday 6 January 2016

LIST: 5 Revelations Which Led to Olisa Metuh's Arrest by EFCC




1.      National Publicity Secretary of the PDP, Olisa Metuh, was on Tuesday arrested by the EFCC over his alleged involvement in the arms deal scandal. 


Reports say Metuh is currently at the office of EFCC answering questions regarding some N400m said to have been traced to his firm, Destra Investment Limited.

Here are 5 revelations which led to his arrest, according to The Nation.

– The company, Destra Investment Limited, which is alleged to be Metuh’s had N6. 67 million as at November 24, 2014, but by last December, had a balance of N1.4billion

– EFCC investigators discovered that Destra Investment Limited was used to fund the PDP’s activities, including its 2015 campaign.

– N400million was said to be deposited into the account from the Office of National Security Adviser (ONSA) on November 24th 2014 and there is no document to show that the company executed any job for ONSA.

– Other deposits were N253million (December 2nd and 4th, 2014) from Ibrahim Kabiru whose identity was yet to be confirmed; N91million on 2nd December 2014 from Capital Field Investment; and N92million on 3rd December 2014 from Etonye Oyintoneife.

– Other documents indicated that Metuh was allegedly on a monthly unexplained stipend of N4million cash from ONSA.

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