TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Soldiers’ heist: Army, family in double claims for $376,120

The Citizen by The Citizen
February 25 2020
in Latest News
A A
0
What Nigerian Constitution says about removing judicial officials

The Nigerian Army and the family of Major General Hakeem Otiki on Monday appeared before the Federal High Court in Abuja claiming the sum of $376,120 seized by the Economic and Financial Crimes Commission (EFCC) last year.

The money was said to have been seized from a Kaduna-based Bureau De Change operator, Alhaji Ado Aliyu, described as Otiki’s associate in a foreign exchange business.

It was alleged that the money was exposed following a robbery operation carried out by soldiers drafted by Otiki to provide military escort for Aliyu as he moved the cash sum of N400m from Sokoto to Kaduna in 2019.

The EFCC alleged that the soldiers had fled with the N400m.

Otiki, who was then the General Officer Commanding, 8 Division of the Nigerian Army in Sokoto, is currently standing trial before the General Court Martial for offences in connection with robbery incident and cheating.

The Federal High Court judge, Justice Ijeoma Ojukwu, had on January 22, 2020 ordered the interim forfeiture of the recovered $376,120 to the Federal Government and adjourned till Monday for further hearing.

The judge, in granting the ex parte application by the EFCC, had directed the commission to publish the order in a national daily, inviting whoever was interested in the money to state why it should not be permanently forfeited to the Federal Government.

At the resumed hearing on Monday, the EFCC’s lawyer, Ekele Iheanacho, informed the court that the January 22, 2020 directive for the publication of the order had been complied with by the commission.

In response to the published order, Otiki, his Bureau De Change firm, Karama Bureau De Change Limited, and four of his family members appeared in court on Monday through their lawyer, Mr Olalekan Ojo (SAN), laying claim to the money.

The family members are Kudirat Otiki, Asabe Otiki, Zainab Otiki and Abdul Otiki.

Otiki and the four others said they were directors and shareholders in Karama BDC Limited, incorporated on June 28, 2012.

The six, including the firm, applied to the court to be joined as interested parties in the money on Monday and their applications were granted by the judge.

Also, the Nigerian Army, represented by its lawyer, Saleh  Abdulaziz, in court on Monday, contended that “the $376,120 in issue is part of the money allocated to the 8 Division” for construction projects but which Otiki as the then General Officer Commanding allegedly “ordered to be moved to his personal residence.”

Mwo Joseph, a master warrant officer and a member of the investigative team set up by the Army to investigate the “missing funds in the 8 Division of the Nigerian Army in Sokoto”, alleged that Otiki had in his previous statement, dated July 4, 2019 and July 24, 2019, admitted that he directed the sum of N150m and N160m meant for the division to be withdrawn and taken to his residence.

Joseph said investigations revealed that Alhaji Ado Aliyu “provides dollar in exchange for naira and vice-versa to the officer.”

He added, “The sum of $376,120, which the EFCC seeks to be forfeited to the Federal Government, is part of the money released to the officer as the GOC of 8 Division of the Nigerian Army, which was converted into dollars by Alhaji Ado Aliyu, for the officer.”

But Otiki, his firm and his family members insisted that the money was their legitimate earning from legitimate business transactions and sale of properties.

They said in their affidavit that the Major-General, “as a career senior military officer, who has put in a total of 34 years in the service of the Nigerian Army was paid good salaries, allowances, and bonuses over many years from which he made significant savings. Part of these savings were invested in the business and operating capital of the first interested party.”

The EFCC’s lawyer, Iheanacho, on Monday asked for time to respond to the claims by the Army and the Otikis. – Punch.

Previous Post

US govt sets review timeline of visa restriction on Nigeria

Next Post

South-West states hold public hearing on Amotekun

Related Posts

Shettima departs Abuja for AU Peace Summit in Angola
Headlines

Shettima departs Abuja for AU Peace Summit in Angola

August 30 2026
Northern states record 185,502 rise in child malnutrition cases
Headlines

Northern states record 185,502 rise in child malnutrition cases

August 30 2026
Police confirm abduction of corps members in Kogi
Headlines

Police confirm abduction of corps members in Kogi

August 28 2026
Of bandits and their informants/sponsors
Headlines

Terrorists in Nigeria raise nearly $6m in ransom

August 28 2026
Falana criticises NBA for inviting VDM to annual conference
Latest News

Falana criticises NBA for inviting VDM to annual conference

August 28 2026
Voters’ Threat: ADC demands immediate arrest of Kuje Council chair
Headlines

Umahi orders contractor to quit Benin-Asaba road

August 27 2026
Next Post
BREAKING: Ekiti Assembly passes Amotekun Bill into law

South-West states hold public hearing on Amotekun

PDP petitions UN, over Buhari’s alleged desperation to win elections

PDP demands review of Buhari’s Supreme Court victory, four guber verdicts

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

by The Editor
August 24 2026
0

...

APPOINTMENTS

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

Tinubu names new Head of Service

Tinubu names new Head of Service

by The Editor
August 19 2026
0

...

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

by The Editor
August 8 2026
0

...

Police IG deploys new CPs to eight states, other formations

Police IG deploys new CPs to eight states, other formations

by The Editor
August 7 2026
0

...

ODDITIES

How friend deceived me to sell my kidney, bought phones with payment — Victim

How friend deceived me to sell my kidney, bought phones with payment — Victim

by The Editor
August 30 2026
0

Umahi files N2.5b defamation lawsuit against bloggers

Umahi files N2.5b defamation lawsuit against bloggers

by The Editor
August 26 2026
0

Scavengers strip Lagos bridges, homes in widespread theft

Scavengers strip Lagos bridges, homes in widespread theft

by The Editor
August 25 2026
0

GLOBAL NEWS

Russia helps Niger Republic junta to retake military base

Russia helps Niger Republic junta to retake military base

by The Editor
August 30 2026
0

...

WHO declares global health emergency over Ebola outbreak in Congo, Uganda

WHO confirms Uganda Ebola-free, as virus continues spread in DRC

by The Editor
August 28 2026
0

...

Nepal flash floods claim160 lives, hundreds still missing after deadly surge

Nepal flash floods claim160 lives, hundreds still missing after deadly surge

by The Editor
August 27 2026
0

...

US pauses immigrant visa applications worldwide

US pauses immigrant visa applications worldwide

by The Editor
August 27 2026
0

...

Iran, Oman agree temporary Strait of Hormuz corridor

Iran, Oman agree temporary Strait of Hormuz corridor

by The Editor
August 27 2026
0

...

State of the States

Accord Party’s deregistration judgment violates Court of Appeal order – Adeleke

Adeleke issues executive order, sets up panel over Osun killings

by The Editor
August 29 2026
0

...

Kaduna pays N6.7bn monthly on inherited loans, says Uba Sani

Kaduna pays N6.7bn monthly on inherited loans, says Uba Sani

by The Editor
August 28 2026
0

...

Abia traditional rulers endorse Gov. Otti for second term

Abia State begins payment of N61.8bn gratuity arrears

by The Editor
August 25 2026
0

...

Kaduna State approves N300m for KASU lecturers

Kaduna State approves N300m for KASU lecturers

by The Editor
August 24 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
2027: Peter Obi, Kwankwaso, Dickson close ranks, move to unite NDC campaign

2027: Peter Obi, Kwankwaso, Dickson close ranks, move to unite NDC campaign

August 30 2026
Shettima departs Abuja for AU Peace Summit in Angola

Shettima departs Abuja for AU Peace Summit in Angola

August 30 2026
Northern states record 185,502 rise in child malnutrition cases

Northern states record 185,502 rise in child malnutrition cases

August 30 2026
Voters’ Threat: ADC demands immediate arrest of Kuje Council chair

Tinubu orders NDDC to reconstruct Warri-Benin Highway

August 30 2026

EDITORIAL REVIEW

Mass presence of governors in off-cycle elections – Punch

Mass presence of governors in off-cycle elections – Punch

by The Editor
August 27 2026
0

Clerics must preach peace, not division – Punch

Clerics must preach peace, not division – Punch

by The Editor
August 25 2026
0

Tax reform: Northern senators in closed-door meeting as bill scales second reading

Tax reform must end multiple taxation – Punch

by The Editor
August 24 2026
0

BREAKING: Kidnapped Oyo pupils, teachers regain freedom

Terror victims deserve care – Punch

by The Editor
August 21 2026
0

Unfilled tertiary education spaces debacle – Punch

Unfilled tertiary education spaces debacle – Punch

by The Editor
August 20 2026
0

Opinion

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Adeleke’s win and the cost of winning at all costs

Adeleke’s win and the cost of winning at all costs

by The Editor
August 18 2026
0

...

Airtime credit dispute and need for clarity

Airtime credit dispute and need for clarity

by The Editor
August 5 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.