A principal suspect in the alleged stealing of N468,794,613.79 earmarked for the Great Green Wall, a federal government initiative to check desert encroachment through tree planting, has revealed how a cartel planned the fraud and how the beneficiaries helped themselves to the loot.
Adeolu Olugbenga Adeyanju told Independent Corrupt Practices and Other Related Offences Commission (ICPC) interrogators that the cartel hijacked the account from the Federal Ministry of Environment and stole the sum before luck ran against them in the process of exhausting the entire allocation of over N1.392 billion originally meant for the project.
ICPC foiled moves to withdraw the balance of about N924 million in the account and recovered it for the ministry.
Adeyanju said the N468, 794,613.79 was first converted to dollars – about $2 million based on the exchange rate in 2014 – and was then shared at a popular cinema house in Abuja.
He claimed to have received $57,000 for making his company, Detwinx Global Service Limited available for the fraud.
Adeyanju has already been charged to the High Court of Justice of the Federal Capital Territory while the ICPC is on the trail of top civil servants who connived with him to loot the account.
In a statement on oath by Adeyanju, which was attached to the charge sheet and obtained from the court, he explained how the fraud was perpetrated in November 2014.
He implicated a Director of Finance and Account, Mr. Edet Akpan in the deal.
Akpan has denied ever knowing Adeyanju or having anything to do with him.