Business Crime Reports

Stallion Motors In Major Mess – Under Investigation

Stallion Motors Limited and its Managing Director, Hapreet Singh are in hot soup. The Economic and Financial Crimes Commission (EFCC) has recorded charges at the Federal Capital Territory High Court against them for purportedly offering N1.275 billion reward to the Peoples Democratic Party (PDP).

 

A previous National Security Adviser, Col. Sambo Dasuki (rtd) and ex-Minister of Finance, Mr. Bashir Yuguda supposedly gathered the cash for the gathering. The two suspects will confront a four-tally charge verging on claimed gift and delight.

The pay off money was, in any case, suspected to be “help” to PDP for 2015 general race. The EFCC additionally presumed that the installment was an actuation to encourage installment by the Office of National Security Adviser (ONSA) for an agreement for the supply of somewhere in the range of 700 trucks and 50 transports.

Be that as it may, the PDP, in a letter to EFCC, denied getting such a satisfaction from Stallion Motors. Insiders at EFCC disclosed to us that: “We have recorded charges against Stallion and its MD, Hapreet Singh in the High Court of Federal Capital Territory.”

“Stallion between December 2014 and February 2015 paid the whole of N1.275billion to Dasuki apparently to aid the 2015 general decision battle of the People’s Democratic Party. The MD of Stallion(Singh) purportedly guaranteed that the PDP, through Yuguda and Dasuki, requested for gift to help the gathering arraign its crusade in the 2015 general race.

“The reserve was paid to Jabbama Ada Global Ventures Limited, a Bureau de Change (BDC). SalisuGarus, who is the proprietor of the BDC, guaranteed he got the assets in the interest of Bashir Yuguda, a previous Minister of State for Finance, at whose direction the cash was changed into dollars and gave over to his child, Safinu Bashir Yuguda.”

“At the point when the previous clergyman was welcomed for addressing, he conceded getting the cash from his child be that as it may, included that he “gave the whole aggregate to Col. Sambo Dasuki (rtd).”

“The previous NSA, the source unveiled, asserted that a previous clergyman guided him to contact the proprietors of Stallion Motors since they had guaranteed to influence commitments to the decision to battle of the PDP. He therefore commanded Yuguda to gather the cash.”

“Analysts speculated that the fix was supposedly paid by the auto promoting firm to instigate installment of an agreement by the Office of National Security Adviser under Mr. Sambo Dasuki for the supply of 700 Stallion bearer trucks and 50 transports.”

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