Air Marshal Adesola Amosu
The ongoing investigations and trial of some ex-military chiefs have led to the seizure of 29 huge properties from the immediate past Chief of Air Staff, Air Marshal Adesola Amosu; a former Chief of Accounts and Budgeting in NAF, Air Vice Marshal Jacob Adigun (retd.); and a former Director of Finance and Budget, Air Commodore Olugbenga Gbadebo (retd.), by the Economic and Financial Crimes Commission

In given the detail of the properties seized, Punch Newspaper accounted that, no fewer than 11 properties were seized from Amosu; 12 were seized from Adigun and six from Gbadebo.

The properties, which were acquired mostly in 2014 according to our source included three plazas, six mansions, a quarry, a hospital, a block of flats, animal farms, a school, two hotels, some uncompleted buildings and some parcels of land.

The properties seized from Adigun were said to be worth N9.6bn.

Some of the properties include;

  1. A shopping plaza known as Capadar Plaza on Adetokunbo Ademola Crescent, Wuse 2, which is worth N980m; 
  2. A residential mansion on Lake Chad Street, Maitama, Abuja, worth N450m; 
  3. An executive mansion in Imo River Close, Off Dandube Crescent, Maitama, worth N710m and 
  4. A four-unit terrace on Agadez Street, Off Aminu Kano Crescent, Wuse 2, worth N720m.
  5. A 35-room uncompleted hotel on Salt Lake Street, Maitama, Abuja; 
  6. A parcel of land located on Bourdillon Street, Ikoyi, Lagos; 
  7. A block of 12 service flats, located on Agodogba Street, Park View Estate, Ikoyi, said to be worth N1.8bn and 
  8. A quarry in Bwari area of Abuja worth about $694,000.


The source added that all the properties had been temporarily seized.

He added, “Adigun spent most of his own share of the money on properties and so we did not recover much cash from him. 

Amosu, however, returned over N2.3bn and raised two bank drafts.” He added that some of the properties seized from Amosu included 

  1. A house on Adeyemo Alakija Street, Victoria Island, Lagos, worth N250m; 
  2. A duplex at House 11, Peace Court Estate, GRA, Ikeja, Lagos, worth N110m; 
  3. A N40m property located at NAF Harmony Estate, Asokoro Base 
  4. A five-bedroomed house at Valley NAF Estate, Port Harcourt, worth N33m.
  5. A hospital on Adeniyi Jones Avenue, Ikeja, known as St. Solomon Hospital with equipment worth $2.15m 
  6. A N95m house on Umaru Dikko Street, Jabi, Abuja.


The properties seized from Gbadebo include;
  1. A fish farm worth N10m; a N20m poultry, located at Musa Close, Oyibo Ayobu, Lagos 
  2. A school known as Bloomsville International School, Divine Estate, Isheri-Olofin , off Lagos-Ibadan Expressway.


The three suspects will be arraigned by the anti-graft agency this week.

The retired military officers were accused of diverting public funds to the tune of N21,467,674,707.43 in 2014.

Others charged alongside the accused persons are Delfina Oil and Gas Limited, McCallan Oil and Gas Limited, Hebron Housing and Properties Company Limited, Trapezites BDC, Funds and Pricey Limited, Degree Oil and Gas Limited, Timsegg Investment Limited and Solomon Healthcare Limited.

One of the charges read in part, “That you (accused persons) on or about the 5th day of March 2014 in Lagos, within the jurisdiction of this honourable court, conspired amongst yourselves to commit an offence to wit conversion of the sum of N21,467,674,707.43, property of the Nigerian Air Force which was derived from stealing which is contrary to Section18 (A) of the Money Laundering Act of 2012 (as amended) and punishable under Section 15 (3) of the same Act.”

According to other charges, the accused persons had allegedly used some of the aforementioned companies, which they own, to award phantom contracts to themselves.

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