The trial of the Executive Director of Niger-Delta Development Commission (NDDC) Engineer Tuoyo Omatsuli, who was charged on alleged N3.654 billion fraud, before a Federal High Court, Lagos, was today adjourned till February 11.
At the resumed trial of the matter today, defendants’ counsel, Mr. Norison Quakers (SAN), told the court that though, he is ready for trial of the matter, but one of his clients, the third defendant, is yet to be released by the EFCC despite fulfilling all the bail conditions granted him by the court.
Justice Obiozor gave the order following an ex-parte application filed by the EFCC.
The counsel to the EFCC, Ekene Iheanacho, had detailed how a contractor with the NDDC, Starline Consultancy Services Limited, was paid N10.2 billion as consultancy fee for levies collected from oil processing companies in the Niger Delta Region.
He further said that out of the money paid to Starline, N3.6 billion was paid as kickback to Omatsuli through a company named Building Associates Limited.
Iheanacho also told the court that one Francis Momoh, who is described as the majority shareholder in Building Associates Limited, was introduced as a shareholder in Don Parker Properties Limited so as to disguise the nature of the crime.
The properties belonging to Omatsuli are: Block 117, Plot 4, Lekki Peninsula Scheme, TPAO 992, Ikate Ancient City, Eti-Osa L.G.A, Lagos, measuring 1804.089Sqm and Plots 1-18, Block 43, TPAO 992, Ikate Ancient City, Lekki Peninsula, Eti-Osa, Lagos, measuring 10,000Sqm.
Others are: Plot 1b, Northern Business District, Lekki Peninsula Scheme 1, measuring 1000Sqm and Plot 1, Block 25, Lekki Peninsula Residential Scheme 1, Eti-Osa L.G.A, measuring 2989.10Sqm