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Home / cover / BREAKING: How Igboho Received N127m, Disbursed Millions To Suspected Boko Haram

BREAKING: How Igboho Received N127m, Disbursed Millions To Suspected Boko Haram


The Attorney General of the Federation and Minister of Justice Abubakar Malami, SAN, has accused Yoruba nation agitator, Sunday Igboho, of transferring millions of naira to a suspected terrorist financier.

Speaking at a press conference on Friday, Malami alleged that Igboho received huge funding from unnamed sources to destabilize the country.

Citing a Federal Government investigative report, the AGF said Igboho, through his registered company, Adesun International Concept Limited, received financial inflows in millions and gave out millions to “Abbal Bako & Sons and its promoter Abdullahi Umar Usman”, who according him are indicted for terrorism financing.

“The major financier of the fugitive and separatists was found to be a Federal Law Maker in the National Assembly. A total sum of ONE HUNDRED AND TWENTY-SEVEN MILLION, ONE AND FORTY-FIVE THOUSAND NAIRA ONLY (N127, 145,000.00) wasreceived by Igboho from his financiers between 22nd October, 2013 and 28th September, 2020 through Adesun International Concept Ltd accounts.

“A total sum of TWO HUNDRED AND SEVENTY-THREE MILLION, ONE HUNDRED AND NINETY-EIGHT THOUSAND, TWO HUNDRED NAIRA ONLY (N273,198,200.00) transaction outflows was recorded from Sunday Igboho’s account between 15th March, 2013 and 11 the March, 2021.

“Investigation reveals that Adesun International Concept Ltd (belonging to Igboho) transferred the sum of twelve million seven hundred and fifty thousand naira (N12, 750,000) to Abbal Bako & Sons.

“It might be recalled that Abbal Bako & Sons and its promoter Abdullahi Umar Usman are suspects in the on-going Joint Terrorist Financing Investigation. Abdullahi Umar Usman is by way of financial transaction connected to SURAJO ABUBAKAR MUHAMMAD (who was sentenced to life imprisonment in UAE on charges of financing terrorism [Boko Haram]).

‘This report shows the nexus between separatists’ agitation, terrorism financing and disruptions of peace in the country.

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“The report found connections of financial transaction between Adesun International Concept Ltd (belonging to Igboho) and some construction companies and businesses among others,” he said.

Igboho is in Benin Republic where he is facing extradition proceedings.

His lawyers had denied any wrong doing prior and after the invasion of Igboho’s residence in June by operatives of the Department of State Services.

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About Oluwasegun Adesuyi

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