EFCC arrests Stallion Group MD over N1.25billion payment he made to Dasuki, Yuguda

The Economic and Financial Crimes Commission has arrested the Managing Director of Stallion Group, Harprrie Singh, over a suspicious N1.25billion payment he made into the account of former Minister of State for Finance, Bashir Yuguda for Former National Security Adviser Sambo Dasuki.


Investigations by EFCC revealed that ‎one of the companies being investigated in the arms deal scandal, Jabbama Company, a bureau de change operator, had received payment of N1.375 billion from Stallion group with a later deduction of N100 million, leaving a balance of N1.275billion. The ‎ money was changed into US Dollars ($114,750,000) and handed to Yuguda.

When interrogated about the money he received, Yuguda said the money was for a political purpose and he collected it on behalf of Dasuki. When brought in for questioning, Stallion group MD said that the N1.275 billion ‎he gave Yuguda was at the request of both Dasuki and Yuguda to support their party's election campaign.

More investigation into the matter is ongoing.