• 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

thenacre-campaign

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-social-1

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.”

adron lemon friday

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.

Odun Ifa 2026
ADVERTISEMENT

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.

Also read

  • FG denies extra passport charges for Nigerians in UK
  • INEC unveils tracker as voter register nears 100m

Related Posts

General

Special eulogy on peace-loving Yoruba monarch, HRM Oba Adeagbo

by Freelanews
April 9, 2024
WhatsApp Image 2019 12 16 at 6.42.10 PM
General

Amazing! Apostle Suleman Begins Repair of 214km Abuja-Okene Expressway

by Freelanews
December 16, 2019
CNNINewsroom
General

‘Winding up assets’ Court fixes date to hear suit seeking to forfeit CNN Africa in Nigeria

by Freelanews
July 1, 2021
Screenshot 2024 06 20 at 14 37 28 IMG 20240620 WA0014.jpg WEBP Image 490 %C3%97 411
General

Lagos APC women leader dies after performing Hajj in Saudi

by Rtn. Victor Ojelabi
June 20, 2024
gk7ikgwd
General

‘Expect vengeance soon’ Nnamdi Kanu tells Wike

by Rtn. Victor Ojelabi
November 2, 2020

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

BBNaija

BBNaija S11: Nomy shockingly disqualified from ‘Show Ya Sef’ house

September 8, 2026
photo 2026 09 05 13 08 24

TAFTA’s Àjọṣe deepens women’s health conversations

September 8, 2026
Tunji Ojo 1782550569

FG denies extra passport charges for Nigerians in UK

September 8, 2026
images 1 3

INEC unveils tracker as voter register nears 100m

September 8, 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
BBNaija

BBNaija S11: Nomy shockingly disqualified from ‘Show Ya Sef’ house

September 8, 2026
photo 2026 09 05 13 08 24

TAFTA’s Àjọṣe deepens women’s health conversations

September 8, 2026
Tunji Ojo 1782550569

FG denies extra passport charges for Nigerians in UK

September 8, 2026
images 1 3

INEC unveils tracker as voter register nears 100m

September 8, 2026
ADVERTISEMENT
September 2026
SMTWTFS
 12345
6789101112
13141516171819
20212223242526
27282930 
« Aug    
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

  • NOUN

    Tragic: NOUN Bursar Marafa shot dead in Zamfara

    0 shares
    Share 0 Tweet 0
  • Police arrest man over shocking seven-year-old defilement

    0 shares
    Share 0 Tweet 0
  • FG denies extra passport charges for Nigerians in UK

    0 shares
    Share 0 Tweet 0
  • Asu Ekiye ends 28-year marriage, embraces new season

    0 shares
    Share 0 Tweet 0

Just Published!

BBNaija

BBNaija S11: Nomy shockingly disqualified from ‘Show Ya Sef’ house

September 8, 2026
photo 2026 09 05 13 08 24

TAFTA’s Àjọṣe deepens women’s health conversations

September 8, 2026
Tunji Ojo 1782550569

FG denies extra passport charges for Nigerians in UK

September 8, 2026
images 1 3

INEC unveils tracker as voter register nears 100m

September 8, 2026
falcons 1784329106

NFF set to name new Super Falcons coach

September 8, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 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

© 2026 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.