The court case involving Akindele Akintoye, Platforms Capital Investment Partners Limited, and Duport Midstream Company Limited began again on Tuesday before Justice Ekerete Akpan of the Federal High Court in Abuja, with the Economic and Financial Crimes Commission bringing forward its fourth witness.
The people being sued are facing charges concerning the alleged unlawful use of thirty five million dollars released for a Nigerian Content Development and Monitoring Board project.
The fourth witness for the prosecution, Isaac Yalah, a former director at the NCDMB, stated to the court that the defendants did not present any statement showing that work on the first and second stages had been finished. He said, “There was no formal statement to the NCDMB showing the details of how the money was used.”
He clarified that the funds were released in two parts into bank accounts managed by Atlantic International Refinery and Petrochemical Limited.
According to him, “The expectation is that after the payment of the first part, a complete statement detailing the work finished and services should have been provided before any additional payment.”
Yalah added that the project, which was originally supposed to be completed within four months, is still unfinished.
He stated to the court, “The project, as it is now, has been abandoned.”
The matter was put off until December third, two thousand twenty five, for questioning by the defense lawyer.
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