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Home » News » Witness tells court how his company account was used to move N860m from Anambra govt coffers

Witness tells court how his company account was used to move N860m from Anambra govt coffers

March 1, 2025
in News
Reading Time: 2 mins read

The Tenth Prosecuting Witness, PW10,   Udochukwu Okparache, in the ongoing trial of former Anambra State governor, Willie Obiano during the week, told Justice Inyang Ekwo of the Federal High Court sitting in Abuja, that he was not aware of a total sum of N860 million lodged in his company`s account by the Anambra State government.

Okparache, a general contractor and owner of Youdooh Ventures Limited, made the disclosure while being led in evidence by prosecution counsel, Sylvanus Tahir, SAN, stating that when he inquired from his account officer to confirm to him what was going on with his account domiciled with the bank, he said the account officer told him that the transactions carried out with his account was to boost his account status to enable him meet the requirements of traveling abroad.

“Sometimes in April 2023, I was called by the EFCC to come and give clarification in respect of Youdooh Ventures bank account, which I opened in Awka and when I got there, they showed me the transactions I had done with the Anambra State government but couldn’t understand the transaction that was there. Immediately, I called my account officer, who told me that he was boosting my account. The inflows were made through Manager’s cheques and the outflows were done by individuals.

“The transactions that were done in that account were through Manager’s cheques, which was about N60 million but N860 million was the total amount that passed through my account, which Cherish Ventures Limited, Chief Mrs Eberechi Willie Obiano, Easy Demands Limited and so many others companies benefited from the transactions. I did not bid for any contract with the Anambra State government,” he said.

While analyzing exhibit PW3 A1-A5 particularly page 119 to 145, which was his statements of account, the witness confirmed that monies were transferred into his account in tranches. He explained that N18 million was paid on 5 April, 2018 and N9 million on the same date.

According to him, further payment was made into his account on April 11, 2018, while N7 million was transferred to Chief Mrs. Willie Obiano,  wife of the defendant.

During cross examination by defense counsel, Onyechi Ikpeazu, SAN, the witness stated that the reason he did not report to the bank when he noticed the transactions was that he wanted his account to be boosted. He also denied knowing the defendant stressing that he didn’t know if it was the defendant that authorized all the transactions.

Justice Ekwo, after listening to his testimony, adjourned the matter till 26, 27 and 28,  May 2025, for continuation of trial.

Obiano is facing trial on nine-count charges bordering on alleged money laundering,  diversion of funds, stealing and corruption to the tune of N4billion.
 

Source: Ripples

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