General Burutai and EFCC are investigating a serving senior officer, Brig-Gen. Umar Mohammed, over fraud allegations.
Mohammed was the Chairman of the defunct Presidential Committee on the lease of Federal Government properties.
He is being accused of laundering several billions of naira on the Nigerian Stock Exchange (NSE).
His secret wealth leaked after he went into power tussle with the management of National Aviation Handling Company (Nahco Aviance).
Not having his way, Mohammed petitioned EFCC to investigate some management staff members of Nahco Aviance.
EFCC became suspicious of how a serving Army officer would be engaged in boardroom squabbles in a non-military agency.
They opened up investigations into Mohammed’s source of alleged multi-billion naira worth of shares and properties.
What EFCC found was amazing!
EFCC said Mohammed owns shares in various companies valued at N20 billion.
The shares are in choice companies like UAC, UBA, Nahco Aviance, Okomu Oil, Dangote Sugar, and Vitafoam.
EFCC then wrote the Central Securities Clearing System (CSCS) and the Securities and Exchange Commission (SEC).
“EFCC is currently investigating a case in which the above named shareholders of your company featured prominently.
“In view of the above, you are requested to kindly furnish this office with the following information:
a) Details of their investment in your company;
b) Information on how the investments were paid for;
c) any other useful information that will assist our investigation.
“You are further requested to urgently place the place caution on the investments pending conclusion of our investigation.”
EFCC also froze some investments and properties worth several billions of naira linked to Mohammed.
Mohammed also owns multi-billion naira worth of assets and cash in banks in Dubai and oher parts of the world.
The Chief of Army Staff, Lt-Gen. Tukur Buratai, has ordered detailed probe of the allegations.
The embattled officer is suspected of acting as a front for late National Security Adviser (NSA), Gen. Owei Azazi.