Suswan is being tried alongside his then Commissioner of Finance, Omodachi Okolobia for laundering the N3.1 billion alleged to be part of the proceeds from the sales of the state government’s shares held on its behalf by the Benue Investment and Property Company Limited, sold through Elixir Securities Limited and Elixir Investment Partners Limited. Speaking at the court on Friday, the bureau de change operator who is also CEO of Fanffash Resources, who has been testifying on the matter since 2018, first, before Justice A.R Mohammed and later Justice Okon Abang, disclosed that the total sum of N3.1 billion was transferred to him by Suswam, through a proxy in tranches with the first tranche of N413 million hitting his account on August 8, 2014 and the remaining, coming in subsequently to sum up to N3.1billion.
Umar, while being led in evidence by prosecution counsel, Rotimi Jacobs, SAN, affirmed that the proxy who did the naira transfers to him was a woman. According to the witness, he had to change a total sum of N3.1billion to dollars, which he said amounted to $15.8 million at the rate of N197 to a dollar and delivered it to Suswam in his Maitama, Abuja residence.
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