Former CDS forfeits $1m to FG
Badeh has been under trial for allegedly diverting funds meant for the purchase of arms for the military.
Alex Badeh
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Following his arrest, the Economic and Financial Commission (EFCC) seized the ex-CDS’ mansion at 6 Ogun River Crescent, Maitama.
According to reports the anti-graft agency also seized the sum of $1m cash that was found in Badeh’s house.
A presidency source who spoke to Punch said “In March, the EFCC searched the house in the presence of neighbours and other witnesses and found $1m in cash.
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“Other personal items linked to Badeh were found in the mansion and everything was listed as evidence.
“However, when the matter was taken to court, Badeh denied that the property belonged to him. As you know, the mansion has been converted to Federal Government’s use. In fact, the mansion is now being used by the Presidential Committee on the North-East Initiative headed by Gen. Theophilus Danjuma.
“As for the money, it has been deposited into the Consolidated Revenue Account of the Federal Government. Since Badeh has denied ownership of everything, the money has permanently been forfeited to the Federal Government.
“Even if Badeh is found not guilty in court, he cannot turn around to demand the $1m or the property as this will amount to perjury which is a criminal offence and carries a jail term.”
Badeh’s lawyer, Samuel Zibri (SAN), however debunked reports that the house seized by the EFCC, belongs to his client.
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Zibri also said “I have checked through my records. The property is not Badeh’s property. I am not aware of any interim order of forfeiture, neither am I aware of it being converted to a Federal Government office.”
Reports also say the former CDS allegedly bought a N320m house for his 28 year old son, Kam Badeh.
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