Alleged N22.9bn arms scandal: CACOL hails EFCC’s arraignment of Mrs Isabella Oshodin for money laundering

The Centre for Anti-Corruption and Open Leadership (CACOL) has hailed the Anti-graft agency, the Economic and Financial Crimes Commission (EFCC) for investigating and finally securing order for prosecuting suspect,  Mrs Isabella Oshodin, over money laundering of #22.9bn from the former National Security Adviser, Col. Sambo Dasuki (retd).

In a release issued by the Media and Publications Officer, Toyin Odofin on behalf of the Executive Chairman of the Centre, Debo Adeniran stated, “it is heart lifting after many years that Nigerian dignitaries were involved in fraudulent allocation, where money meant for the purchase security ammunitions were laundered by some looters under the former President Jonathan administration.  Report has it that Oshodin allegedly received $57.3m and N2.3bn from Dasuki, also it was gathered that the money was received on sixteen different occasions in the sums of N500mn, N750mn;N125mn; N350m; N170m; N85m; N60m; N50m; and others totaling N2.366bn.”

 Following different corruption cases in the country, corruption has been the major setback of our system, ranging from money laundering, fraudulent act, bribery, and internet fraudster etc., unless emphasis could be shifted from severity of punishment to certainty of detention in criminal offences, the fight against corruption would remain a hallucination.

The CACOL Boss added, “It is against this background that many of our economy watchers, outside and within the country, advocated for more stringent punishments and sanctions against those looters and thieves who continually perpetrate these heists with the belief that grand corruption is still a bailable offence in Nigeria and so, they could easily get away with it. While CACOL may seriously frown against capital  punishment as a deterrent unlike what is obtainable in some climes, we believe that for this menace or ogre of corruption to be reduced to its barest minimum in Nigeria,no offender should go away unpunished, irrespective of his or her political cum economic status.” He stated.

One thought on “Alleged N22.9bn arms scandal: CACOL hails EFCC’s arraignment of Mrs Isabella Oshodin for money laundering

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