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Nigerian American Woman Who Received N22.9Billion From Dasuki Charged With Money Laundering

nigerian american collected 22 billion dasuki

Nigerian American Woman Who Received N22.9Billion From Dasuki Charged With Money Laundering

An elderly woman said to be based in the United States of America (USA) Mrs. Isabella Oshodin was arraigned before a Federal High Court in Abuja on Monday on a 25-count charge bordering on money laundering to the tune of N22,964,228,414.

Mrs. Oshodin, who was arraigned along with a company, Oshodin Organisation Ltd, was accused of unlawfully receiving the money from the office of the National Security Adviser (NSA), while Colonel Mohammed Sambo Dasuki (rtd) occupied the office.

In the case brought against Mrs. Oshodin by the Economic and Financial Crimes Commission (EFCC), it was alleged among others, that she, on 16 occasions, received N500,000,000; N750,000,000; N125,000,000; N350,000,000; N170,000,000; N85,000,000; N60,000,000; N50,000,000 and others which totalled N2,366,000,000 from the office of the NSA.

The EFCC also alleged that the defendant, on eight occasions received from the office of the NSA funds amounting to $57,217,301.15 into the Escrow accounts of Bob Oshodin Organisation Ltd.

A count in the charge reads:

“That you, Mrs. Isabela Mimie Oshodin, Bob Oshodin Organisation Ltd and Mr. Robert (Bob) Oshodin (still at large) on or about 22nd June, 2014 in Abuja within the jurisdiction of this honourable Court directly transferred the sum of $7,712,598 (Seven Million, Seven Hundred and Twelve Thousand, Five Hundred and Ninety-eight Dollars) to one Portfolio Escrow Company with account number 3102004330 domiciled in California Republic Bank, United States of America which sum you reasonably ought to have known to be proceed of an unlawful act of Sambo Dasuki (rtd), the then National Security Adviser to wit: criminal breach of trust and you thereby committed an offence contrary to Section 15 (2) (b) of the Money Laundering (Provision) Act, 2011as amended in 2012 and punishable under Section 15(3) of the same Act.”

The defendant pleaded not guilty when the charge was read to her on Monday, following which her lawyer, Osahon Idemudia informed the court about a pending bail application filed by the defendant.

Upon the court’s permission, Idemudia moved the bail application, during which he stated that the prosecution was only trying to portray a purely civil contract transaction as a criminal matter.

Idemudia said:

“This has to do with a civil contract transaction. It is either a misunderstood commercial transaction or someone is being mischievous.

“The defendants sold their furniture factory to the Federal Government for $55million.

“They have only paid half of the money, which the prosecution has calculated as N22.9b.

“The money stated in the charges, which they claimed is money laundering, is actually payment for the purchase of the furniture factory.”

Idemudia noted that a copy of the contract for the sale of the factory has been exhibited before the court, and that the prosecution admitted its existence in the counter-affidavit it filed.

The defence lawyer prayed the court to grant his client bail on liberal terms on the grounds that she was a decent person, who is troubled by the current turn of event.

He denied the prosecution’s insinuation that the defendant may not be available for trial if allowed on bail.

“She is not a flight risk. She is available to stand trial. She is someone, who is ready and eager to clear her name,” the lawyer said.

Idemudia, who told the court that his client was suffering from some health conditions and needed medical attention, having been kept in custody for 70 days by the EFCC, drew the court’s attention to the order it made on August 9, 2019 directing that the defendant be taken to a medical facility.

He said the EFCC was yet to comply with the order and sought the court’s intervention in that regard.

Prosecution lawyer, Mrs. Aisha Habeeb, faulted Idemudia’s argument and urged the court to be guided by the need to ensure that the defendant was available to stand trial.

Mrs. Habeeb noted that Mrs. Oshodin’s husband was in America, and argued that it could be difficult to have the defendant return to stand trial if proper precautionary measures were not taken and she is granted bail and allowed to travel to the United States.

After listening to arguments from both lawyers, Justice Taiwo Taiwo ordered that Mrs. Oshodin should be taken back to the custody of the EFCC pending the ruling on the bail application, scheduled for August 21.

Justice Taiwo rejected Idemudia’s suggestion that Mrs. Oshodin be taken to a medical facility, in furtherance of the court’s August 9 ruling, where she should remain until the day set for ruling.

Instead, the judge directed that both lawyers should work out ways of ensuring that the August 9 order is complied with by the prosecution pending the date set for ruling.

1 Comment

1 Comment

  1. Jilo

    August 20, 2019 at 6:45 PM

    We really need a total overhauling in this Country. The affluent people have been taking us as fools for a long time and it’s time to stop these nonsense. This woman was charged for money laundry which was glaring to everybody and her lawyer came forward to proof to the court that, this woman sold her Furniture Company to the Federal Government and the money was meant to pay for the company. What a heck?????

    First thing first Mr. Udemudia, you need to come up with another defense strategy if you really wants to get this woman out of hook. In the course of trying to defend this woman, you said, Federal Government purchased a company in California? that makes no sense to me. It seems that your Government is so insane by purchasing a Furniture Company all the way in California thereby providing more jobs for the people who already have jobs while Nigerians are dying of hunger due to lack of jobs in Nigeria. In that case you are just trying to display Nigeria Government mediocrity around the Globe.

    More people need to be interrogated more about this case in order to get fair justice. However, Mr. Defense Attorney, you need to go back and do your proper home work if you want to remain as a lawyer to this woman. You may be deceiving other Nigerians with your lies but not me. I live in Western World and I know all these shenanigans. That woman cannot have More than $55 Million Dollars worth of company without securing a loan from the Bank and if she had to bring her own money as an investor, the financial institution should be able to trace the source of the fund, for example, if Dangote remit such money as one of the richest billionaires in Africa then that case may be little bit hard to proof but the money in question came from the office of NSA.

    I’m glad now that the new system of operating bank Account in Western World has now made it difficult for the money launderers. In the United State now, you cannot just deposit money into peoples account, the deposit has to come directly from your account in form of transfer or somebody’s account which traceable. Recently, I was trying to put some cash into my wife’s account, the Bank rejected this and I have to deposit that money into my account and then made transfer from account to account. All these have made it difficult for the launderers, that was why it’s so easy for EFCC to trace any fraudulent account. IF these thieves aware that if they steal our money and they cannot hide it, they will stop stealing it.

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