The National Drugs Law Enforcement Agency, NDLEA, has traced about N4.2bn suspected to be proceeds of crime in the accounts of the suspended DSP Abba Kyari and his co-defendant, ACP Sunday Ubua.
The NDLEA’s findings were contained in a report forwarded to the office of the Attorney-General of the Federation and Minister of Justice, Abubakar Malami.
According to a report by The Punch, the drug enforcement agency uncovered that not less than N1.4bn passed through Kyari’s account while he was commander of the intelligence Response Team, IRT.
However, Mr Kyari’s deputy, Mr Ubua, may have received far more than him as not less than N2.8bn was traced to his eight bank accounts.
According to investigations, Mr Ubua allegedly received a lump sum of N2.664bn on August 15, 2019.
A source told the newspaper that the NDLEA is now working on the assumption that the sums traced to Mr Kyari and his deputy may be connected to the sale of some illicit substances including Tramadol worth N3bn.
The source said, “You will recall that the NDLEA is investigating an allegation that Kyari and his team seized a large consignment of tramadol in a warehouse at Amuwo Odofin in Lagos. The consignment was worth about N3bn.
“The IRT under Kyari’s command seized these drugs and they are believed to have sold the consignment to a cartel afterwards.
“It was around the time of this seizure that Kyari’s deputy received a deposit of N2.664bn in his personal bank account.
“Out of this money, he purchased FBN Insurance shares worth about N100m.”