Stallion Group MD Arrested by EFCC Over N1.25billion Payment He Made To Dasuki,Yuguda

The Economic and Financial Crimes Commission has arrested the Managing Director of Stallion Group, Harprrie Singh, over a suspicious N1.25billion payment he made into the account of former Minister

of State for Finance, Bashir Yuguda for Former National Security Adviser
Sambo Dasuki.
Investigations by EFCC revealed that one of
the companies being investigated in the arms deal scandal, Jabbama Company, a bureau de change operator, had received payment of N1.375 billion from Stallion group with a later
deduction of N100 million, leaving a balance
of N1.275billion. The money was changed into US Dollars ($114,750,000) and handed to Yuguda.
When interrogated about the money he received,
Yuguda said the money was for a political
purpose and he collected it on behalf of
Dasuki. When brought in for questioning,
Stallion group MD said that the N1.275
billion he gave Yuguda was at the request of
both Dasuki and Yuguda to support their
party’s election campaign.
More investigation into the matter is ongoing.