Further investigation into $2bn arms purchase fraud revealed that Olisa Metuh, the Peoples Democratic Party (PDP) spokesman gave part of looted money to a so-called Wealth manager at ‘ARM company.’



The given money were reportedly meant to change to naira and invest on behalf of Metuh’s Destra Investments Limited. Nneka Araraume, a staff of the Asset and Resource Management Company Limited, testified to the Economic and Financial Crimes Commission (EFCC) that she received $2 million in cash from Olisa Metuh on December 2, 2014.

Araraume said in court that she changed the dollars into Nigerian currency and had it transferred to Metuh’s account.

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