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Olisa Metuh story gets worse with $2m Dasukigate fallout

Chief Olisa Metuh is fast degenerating into a wizened old man and his political party friends are beginning to desert him. He now spots an all-white beard at each appearance in court. Tongues are wagging; have his corruption troubles aged Metuh or has he bleached his beard and left it to grow as a PR gimmick?

Well, HAMILTONSTYLE can authoritatively tell you that Otolo, Nnewi-born Metuh is not as old as he looks. He finished Law School in 1988 and most of his peers would look this whitened and wizened if they let their beards grow too; for they all shave off the whites in their mid-fifties like Metuh did before his trial begun.

Metuh’s woes are just unfolding… Two witnesses presented by the Economic and Financial Crimes Commission, EFCC, in the commission’s prosecution of a N400m money laundering case against the Peoples Democratic Party, PDP, spokesman, Olisa Metuh, have told a Federal High Court in Abuja how the latter and his company, Dextra Investments Limited, cornered $2m allegedly collected from the office of the former National Security Adviser, Sambo Dasuki.

At the commencement of trials on Monday, the first prosecution witness, Nneka Ararume, a wealth manager dealing in management of equities, fixed income instruments and real estate, claimed that she collected the sum of $2m from Metuh sometime in December 2014.

Having collected the amount, she noted that she changed the dollars into Nigerian currency through two bureau de change operators she engaged and had it transferred to the bank account of Metuh.

According to her, “He gave me the sum of $2m in $100 bills. It was taken to bureau de change operators who would then transfer the money to ARM. From there (Metuh’s house) I proceeded to Mr. Sie Iyenome’s office at Wuse 2 where I gave him the sum of $1m.

“I also invited Mr. Kabir Mohammed and I also gave him the sum of $1m to transfer the naira equivalent in favour of Destra Investment Limited. Later on the same day, December 2, 2014, Mr. Kabir and Mr. Sie Iyenome confirmed the receipt.”

On his part, the second witness called by the EFCC, Iyenome, who is a bureau de change operator, said he had the sum of $1m exchanged to N183 million and transferred to the account of Dextra Investments Limited.

He was however quick to point out that he had no knowledge of either Mr. Metuh or his company, Dextra investment Limited, before that time.

Both witnesses were subsequently cross-examined by the defence counsel.

Trial has been adjourned till tomorrow (Tuesday) for the prosecution counsel, who claimed to have 16 more witnesses lined up, to call more witnesses.


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