Badeh forfeits $1m cash, N1bn mansion to FG

Forum 7 years ago

Badeh forfeits $1m cash, N1bn mansion to FG

A former Chief of Defence Staff, Air Chief Marshal, Alex Badeh (retd.), has permanently forfeited $1m to the Federal Government.

Recall that the Economic and Financial Crimes Commission, EFCC, while investigating the arms scam under ex-President Goodluck Jonathan’s administration, searched Badeh’s gigantic mansion situated on 6 Ogun River Crescent, Maitama, on March 6, 2016 and found $1m cash.

The house, which is worth about N1.1bn, was subsequently seized by the EFCC while the cash was confiscated as evidence against the ex-Defence chief in court.

Badeh had denied ownership of the mansion and its contents.

However, a presidency hinted Punch that, “In March, the EFCC searched the house in the presence of neighbours and other witnesses and found $1m in cash.