BUSTED!!! EFCC Locks Down 29 Properties Belonging to Just 3 Ex-Air Force Chiefs

The EFCC has seized as much as 29 properties from the immediate past Chief of Air Staff, Air Marshal Adesola Amosu; a former Chief of Accounts and Budgeting in NAF, Air Vice Marshal Jacob Adigun (retd.); and a former Director of Finance and Budget, Air Commodore Olugbenga Gbadebo (retd.).

No fewer than 11 properties were seized from Amosu; 12 seized from Adigun and six from Gbadebo.

The properties included three big plazas, six mansions, a quarry, a hospital, a block of flats, animal farms, a school, two hotels, some massive uncompleted buildings and some parcels of land.

According to documents made available exclusively to Punch, the properties were acquired mostly in 2014.

The properties seized from only Adigun were said to be worth N9.6billion.

Some of the properties include a shopping plaza known as Capadar Plaza on Adetokunbo Ademola Crescent, Wuse 2, which is worth N980m; a residential mansion on Lake Chad Street, Maitama, Abuja, worth N450m; an executive mansion in Imo River Close, Off Dandube Crescent, Maitama, worth N710m and a four-unit terrace on Agadez Street, Off Aminu Kano Crescent, Wuse 2, worth N720m.

Other properties, said to belong to Adigun, include a 35-room uncompleted hotel on Salt Lake Street, Maitama, Abuja; a parcel of land located on Bourdillon Street, Ikoyi, Lagos; a block of 12 service flats, located on Agodogba Street, Park View Estate, Ikoyi, said to be worth N1.8bn and a quarry in Bwari area of Abuja worth about $694,000.

The source added that all the properties had been seized.

He added, “Adigun spent most of his own share of the money on properties and so we did not recover much cash from him. Amosu, however, returned over N2.3bn and raised two bank drafts.”

He added that some of the properties seized from Amosu included a house on Adeyemo Alakija Street, Victoria Island, Lagos, worth N250m; a duplex at House 11, Peace Court Estate, GRA, Ikeja, Lagos, worth N110m; a N40m property located at NAF Harmony Estate, Asokoro Base and a five-bedroomed house at Valley NAF Estate, Port Harcourt, worth N33m.

Others include a hospital on Adeniyi Jones Avenue, Ikeja, known as St. Solomon Hospital with equipment worth $2.15m and a N95m house on Umaru Dikko Street, Jabi, Abuja.

The properties seized from Gbadebo are:
A fish farm worth N10m; a N20m poultry, located at Musa Close, Oyibo Ayobu, Lagos and a school known as Bloomsville International School, Divine Estate, Isheri-Olofin , off Lagos-Ibadan Expressway.

The three big men will be arraigned by the EFCC this week.

They are accused of diverting public funds to the tune of N21,467,674,707.43 in 2014.