Wednesday, July 6

How Senator David Jang duped the CBN of N2 billion : Witness

Share this:
Jang

Mr Sunday Musa, the tenth witness of the Economic and Financial Crimes Commission (EFCC) has explained how former Plateau governor, David Jonah Jang deceived the Central Bank of Nigeria (CBN) to secure N2 billion loan.

In presence of Justice Christy Dabup of the Plateau High Court on Thursday, the witness said the loan was for the Plateau State Small and Medium Enterprises Development Agency (PLASMEDA).

Led in evidence by the prosecuting counsel, Rotimi Jacob SAN, Musa said PLASMEDA was non-existent at the time the loan request was made.

According to him, the fund was not utilized for the purpose for which it was obtained.

“Investigation revealed that the letter sent by the 1st defendant to CBN was deceit, because there was no office for PLASMEDA, nor was anybody employed as a staff.

“The letter sent was to deceive the CBN to approve the N2 billion loan.

“In the course of our investigation, our findings showed that the N2billion was moved from the Project 1 account to the Office of the Secretary to the State Government account.

“It was spent for classified expenditure which is the pure diversion of public funds,” he added.

Jang is now a senator, representing Plateau North.

Kindly leave your comment, like and share this story:

FOR MORE INFOR, NEWS UPDATE AND LIVE STERAM JOIN US BELOW AND PLEASE HELP TO REACH 1K SUBSCRIBERS ON OUR YOUTUBE CHANNEL THANKS AND GOD BLESS

Share this:

Leave a Reply

Your email address will not be published.