Witness- How Metuh Gave Me $2m Cash To Invest In Firm

An employee of Asset and Resource Management (ARM) Company Limited, Nneka Ararume, yesterday  narrated how she collected a  sum of $2m  from the National Publicity Secretary of the Peoples Democratic Party, (PDP) Olisa Metuh at his house in Prince and Princess Estate, Abuja.

We should recalled that the Economic and Financial Crimes Commission (EFCC) opened its case against Metuh before the Federal High Court sitting in Abuja  over the charge of money laundering to the tune of N400m.


Metuh was alleged to have collected N400m from the Office of the National Security Adviser in November 2014.

The prosecution opened its case yesterday with the testimony of Ararume who described her position with the company as Wealth Manager, and who said the instruction given to her by Metuh was that the money should be invested.

She explained further that she went ahead to change the money to its naira equivalent through two bureau de change operators she engaged.

According to her, “He gave me the sum of $2m in $100 bills. It was taken to bureau de change operators who would then transfer the money to ARM. From there (Metuh’s house) I proceeded to Mr. Sie Iyenome’s office at Wuse 2 where I gave him the sum of $1m.

“I also invited Mr. Kabir Mohammed and I also gave him the sum of $1m to transfer the naira equivalent in favour of Destra Investment Limited. Later on the same day, December 2, 2014, Mr. Kabir and Mr. Sie Iyenome confirmed the receipt.”
Source: Leadership

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