In the ongoing trial regarding an alleged N110.4 billion money laundering scheme, a prosecution witness has provided testimony detailing controversial financial transactions linked to a consultancy agreement with the Kogi State Internal Revenue Service (KSIRS). The Economic and Financial Crimes Commission (EFCC) is currently prosecuting the case against former Kogi State officials and associates on a 16-count charge, including allegations of criminal breach of trust.
During proceedings at the FCT High Court in Abuja, the witness, whose firm provided software and tax automation services to the state agency, stated that his company was initially contracted with a 15 percent commission on tax collections exceeding N350 million. This rate was later revised downward to 5 percent as revenue increased.
Under questioning, the witness identified former KSIRS Chairman, Senator Yakubu Oseni, as a primary official involved in the arrangement. Crucially, the witness alleged that a significant portion of the commissions received by his firm—between 50 and 60 percent—was directed to “certain stakeholders” who were not officially part of the consultancy agreement.
The witness further detailed that these payments were executed through a combination of bank transfers and cash, allegedly under instructions routed through Oseni’s former personal assistant and his successor’s aide. Financial exhibits presented to the court, including bank statements for Bespoke Business Solution, showed substantial inflows from KSIRS and subsequent withdrawals by a nominee signatory, Jami’u Salihu.
The court was also informed of a N70 million payment to Efab Properties, a transaction the witness claimed he could not identify the purpose of, asserting, “I wouldn’t know which property was paid for because it was not my transaction”.
Justice Maryanne Anineh has adjourned the case to October 14, 15, 27, and 28, 2026, for the continuation of the trial.
