Friday 18 December 2015

Stallion Group Director Arrested Over N1.25bn Payment Sent To Former NSA Dasuki


The Economic and Financial Crimes Commission has arrested the Managing Director of Stallion Group, Harprrie Singh, over a suspicious N1.25billion payment he made into the account of former Minister of State for Finance, Bashir Yuguda for Former National Security Adviser Sambo Dasuki.

Investigations by EFCC revealed that ‎one of the companies being investigated in the arms deal scandal, Jabbama Company, a bureau de change operator, had received payment of N1.375 billion from Stallion group with a later deduction of N100 million, leaving a balance of N1.275billion. The ‎ money was changed into US Dollars ($114,750,000) and handed to Yuguda.

When interrogated about the money he received, Yuguda said the money was for a political purpose and he collected it on behalf of Dasuki. When brought in for questioning, Stallion group MD said that the N1.275 billion ‎he gave Yuguda was at the request of both Dasuki and Yuguda to support their party's election campaign.

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