• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

‘Alleged N1.4bn fraud’ Witness reveals how NBA president, Paul Usoro, was paid N700m

Freelanews by Freelanews
June 17, 2022
in General
0 0
0
dsc 7291

dsc 7291

0
SHARES

Udom Idongesit, a prosecution witness in the case of an alleged N1.4 billion money laundering involving Paul Usoro, President, Nigerian Bar Association, NBA, on Wednesday, December 4, 2019, told Justice Rilwan Aikawa of the Federal High Court sitting in Ikoyi, Lagos how a sum of N700 million was paid into Usoro’s account on the instruction of Linus Nkan, a former Accountant-General, Akwa Ibom State.

Usoro was first arraigned before Justice Muslim Hassan of the same court on December 18, 2018.He was later re-arraigned on Friday, March 1, 2019 before Justice Aikawa on a 10- count charge.

One of the counts reads: “That you, Paul Usoro, SAN, Emmanuel Udom (currently constitutionally immune against criminal prosecution), Uwemedimo Thomas Nwoko (still at large), Nsikan Linus Nkan, Commissioner of Finance, Akwa Ibom State (still at large), Mfon Jacobson Udomah, Accountant-General, Akwa Ibom State (still at large) and Margaret Thompson Ukpe (still at large) sometime in 2015 in Nigeria, within the jurisdiction of this Honourable court, conspired amongst yourselves to commit an offence, to wit: conversion of the sum of N1. 410, 000, 000, 000.00 (One Billion, Four Hundred and Ten Million Naira), property of the Government of Akwa Ibom State of Nigeria, which sum you reasonably ought to have known forms part of the proceeds of an unlawful activity to wit: criminal breach of trust and thereby committed an offence contrary to Section 18(a) of the Money Laundering (Prohibition) Act, 2011 as amended and punishable under Section 15(3) of the same Act.”

At today’s sitting, Idongesit, a Relations Manager at the Aka Road branch of Zenith Bank in Uyo, Akwa Ibom State, told the court that the bank, on March 10, 2016, was given a withdrawal instrument of N700m on the imprest account of the Akwa Ibom State payable to Usoro’s Zenith Bank account.

Led in evidence by the prosecution counsel, Rotimi Oyedepo, the witness further said she made moves to get Usoro to open an account with the bank so that the money could be paid to him.

perfect aesthetic dental clinic perfect aesthetic dental clinic perfect aesthetic dental clinic

The witness also told the court that she opened an account for the defendant due to the fact he never had an account with the bank prior to that transaction.

She said she got Usoro’s contact from the Akwa Ibom State Governor, Udom Emmanuel, on March 14, 2016 and later put a call through to him to inform him about the payment.

Giving further testimony, Idongesit said: “Mr. Paul Usoro instructed me to work with two of his colleagues.

“When I confirmed the exact names registered on the form, I sought the approval of my Zonal Head to open the account and also made the deposit while waiting for documentation.

“I filled the deposit slip; and the depositor’s name that I filled was Paul Usoro.”

Idongesit further told the court that a sum of N300 million was first credited to the account on March 14, 2016 in cash and that more funds were subsequently credited to the account to the tune of N400 million.

The transactions, according to her, were carried out on the instructions of the defendant.

Idongesit, in her evidence, also told the court that monies were transferred to individuals and companies from the defendant’s account on his instructions.

“On March 22, 2016, Mr. Paul Usoro instructed me to transfer the sum of N2.5 million to one Assam Ekanem; N7.5 million to Taiwo Oyetibo & Co; N7.5 million to Oyechi Ipeaza; N5 million to Uzuegbu Nelson Aju; N30 million to OEB Offiong and N7.5 million to DD Dodo & Co.

“A transfer of N3million was also made to one Reginald Nwobbi; N2 million to Sevanne Chambers and N20 million to Theophilus Oyesanya,” she also stated.

The witness said there were emails to show and reflect the instructions given to her by the defendant regarding all the transactions.

The emails, instruments of payment, account opening package, certification of identification and statements of account were tendered by the prosecution counsel, Oyedepo, and admitted in evidence by the court.

Justice Aikawa adjourned the case till January 13 and February 11 and 12, 2020 for continuation of trial.

freelanews
Freelanews

Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.

Related Posts

General

Buhari presides over ‘first ever’ virtual FEC meeting

by Freelanews
May 13, 2020
Freelanews-ambrose alli university
General

‘Not for the media’ University suspends provost, others over illegal N50K demand from students

by Freelanews
July 28, 2022
Eugene Juwah scaled
General

‘Sad!’ Former NCC vice-president, Eugene Juwah, dies

by Freelanews
October 14, 2021
WhatsApp Image 2022 01 14 at 10.06.06 AM scaled
General

‘Absurd’ Fayose condemns attack on Ekiti PDP secretariat

by Rtn. Victor Ojelabi
January 14, 2022
WhatsApp Image 2021 01 26 at 2.30.39 PM
General

‘Don’t set Southwest on fire’ NANS urges Igbodo to review his herdsmen strategy

by Freelanews
February 2, 2021

Leave a ReplyCancel reply

ADVERTISEMENT

Recent News

IPOB

IPOB suspends Nnamdi Kanu over unguarded utterances

June 19, 2026
VDM

VDM accuses government of forgetting Kaduna kidnap victims

June 19, 2026
EFCC

EFCC arrests Nigerian-American in $320,000 car fraud

June 19, 2026
Lagos

Lagos Police arrest 26 foreigners over fake kidnap claim

June 19, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
james akaie

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
IPOB

IPOB suspends Nnamdi Kanu over unguarded utterances

June 19, 2026
VDM

VDM accuses government of forgetting Kaduna kidnap victims

June 19, 2026
EFCC

EFCC arrests Nigerian-American in $320,000 car fraud

June 19, 2026
Lagos

Lagos Police arrest 26 foreigners over fake kidnap claim

June 19, 2026
June 2026
SMTWTFS
 123456
78910111213
14151617181920
21222324252627
282930 
« May    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • Awujale

    Five princes nominated for Awujale of Ijebuland throne

    0 shares
    Share 0 Tweet 0
  • Court affirms Adenike Ajayi as sole widow in high-profile First Foundation estate battle

    0 shares
    Share 0 Tweet 0
  • Ogun Police arrest 30 suspected cultists during initiation ceremony in Isara-Remo

    0 shares
    Share 0 Tweet 0
  • Portable boldly smokes as police officers escort him

    0 shares
    Share 0 Tweet 0

Just Published!

IPOB

IPOB suspends Nnamdi Kanu over unguarded utterances

June 19, 2026
VDM

VDM accuses government of forgetting Kaduna kidnap victims

June 19, 2026
EFCC

EFCC arrests Nigerian-American in $320,000 car fraud

June 19, 2026
Lagos

Lagos Police arrest 26 foreigners over fake kidnap claim

June 19, 2026
Premier League

Premier League releases full 2026/27 fixtures – season starts August 21

June 19, 2026
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Editorial Charter
  • Corrections Policy
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.