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Home›News Now›Nigeria: ICPC arraigns former SMEDAN DG, Masari over alleged N119.8m fraud

Nigeria: ICPC arraigns former SMEDAN DG, Masari over alleged N119.8m fraud

By alternativeafrica
September 24, 2018
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Adetokunbo Fakeye 

Abuja, September 24, 2018 (AltAfrica)- The Nigeria Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned a former Director General of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Mr. Bature Umar Masari on 27 count charge bothering on money laundering, embezzlement and bribes

Masari who was arraigned before Justice Adebola Adeniyi of the High Court of the Federal Capital, Abuja, was accused of committing the offence between April 2014 and July 2015, when he asked and received bribes on many occasions from the contractors through his Diamond Bank and Guaranty Trust Bank accounts.

The Commission, in the charge, also accused Masari of fraudulently awarding constituency project contracts to the tune of N184.5 million without due process thereby conferring corrupt advantage upon himself

The former SMEDAN boss was also charged with receiving gratification in the course of discharging his official duties, contrary to Section 10 (a)(i) and punishable under Section 10(a)(ii) of the Corrupt Practices and Other Related Offences Act, 2000. His offence further violates Section 19 of the same law and punishable under the same section.

Counsel to ICPC, Mr. Henry Emore, told the court that the ex-DG received N50 million on 27th November, 2014, from Hamshakin Ventures Ltd for Herman Hembe, Emmanuel Udende, Benjamin Aboho and Oker Jev, who were all members of the House of Representatives from Benue State; and a contractor, Kike Engineering Services, before awarding a constituency project contract to the said Hamshakin Ventures.

The court was also told that Masari received different bribes ranging from N800, 000 to N20, 000, 000 from 12 contractors.

The accused pleaded not guilty to the charge. His counsel, Mahmood Magaji (SAN), asked the court to grant him bail on liberal terms promising that the accused would always be available in court for trial.

Justice Adeniyi, following no objection from ICPC, granted him bail in the sum of N50 million with two sureties in like sum who must be directors in the employment of either the federal civil service or any federal agency; or the Federal Capital Territory or any of its agencies. They are also expected to deposit an ‘affidavit of means’ including being residents of the Federal Capital Territory.

Adeniyi then ruled that Masari be remanded in Kuje prison pending the fulfilment of his bail conditions and adjourned the matter to ’26th to 29th November, 2018 for trial’.

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