Nenadi Usman
The Director of finance for Former President Goodluck Jonathan Campaign Organisation, Senator Nenadi Usman, has been arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly receiving N2.5bn from the Central Bank of Nigeria.
According to Punch, a top official of the EFCC, disclosed that Usman, who is also a former Minister of state for finance, had been on the watchlist of EFCC before her eventual arrest on Thursday in Abuja.
It was discovered that all funds that came from the Presidency during the campaign were believed to have come through Usman as a particular N4bn was transferred from the account of the CBN into a mysterious account known as the Ministry of External Affairs Library.
The mysterious account was believed to be a conduit put in place by the Office of the National Security Adviser on the instructions of the Presidency.
From the mysterious account, N2.5bn was said to have been transferred to the company account of Usman while N140m cash was allegedly paid into her Zenith Bank account with number, 1000158311, domiciled in 7 Kachia Road, Kaduna.
The transfer in question allegedly took place in January 2015, just a few months to the last presidential election.
Usman allegedly transferred money to several persons through the bank account of a company, Joint Trust Dimension Nigeria Limited.
Through the said account, the Director of Publicity of the Jonathan Campaign Organisation, Chief Femi Fani-Kayode, received N840m.
According to the documents sighted by a correspondent of Punch, the money was deposited into Fani-Kayode’s Zenith Bank account, Maitama branch with account number 1004735721 on February 19, 2015.
 
EFCC sources said a former Secretary to the Government of the Federation and the National Chairman of the Social Democratic Party, Chief Olu Falae, received N100m through a company, Marreco Limited, where he is chairman.
The fund was credited into the company’s United Bank for Africa Plc account number 1000627022.
About N320m was also paid into the bank account of the Goodluck Support Group, an association of over 100 pro-Jonathan groups headed by Jonathan’s Special Adviser on Political Affairs, Prof. Rufai Alkali.
However, many of the recipients of the money said they did not know that the funds emanated from the CBN as they were told by Usman that they were sourced privately.
A detective at the EFCC described Usman’s arrest as a breakthrough, adding that she would be able to shed more light on the controversy.
He said, “A lot of people who received money during the campaign claimed to have received money from Nenadi Usman.
“Since she was in charge of funds, she will be able to list the names of those who collected money and if the money was approved by Jonathan.
“There is no part of the constitution which gives the CBN the right to fund a political party. Usman must therefore tell us why the CBN gave her money.”
Meanwhile, the EFCC has also traced N316m to the company account of the Permanent Secretary, Federal Ministry of Labour and Productivity, Mr. Clement Iloh.
SOURCE:NIGERIAN MONITOR