News, Society

Stallion Motors In Big Mess

Stallion Motors Limited and its Managing Director, Hapreet Singh are in hot soup. The Economic and Financial Crimes Commission (EFCC) has filed charges at the Federal Capital Territory High Court against them for allegedly offering N1.275 billion bribe to the Peoples Democratic Party (PDP).

A former National Security Adviser, Col. Sambo Dasuki (rtd) and ex-Minister of Finance, Mr. Bashir Yuguda allegedly collected the money for the party. The two suspects will face a four-count charge bordering on alleged bribery and gratification.

The bribe cash was, however, suspected to be “assistance” to PDP for 2015 general election. The EFCC also suspected that the payment was an inducement to facilitate payment by the Office of National Security Adviser (ONSA) for a contract for the supply of some 700 trucks and 50 buses.

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But the PDP, in a letter to EFCC, denied receiving such a gratification from Stallion Motors. Insiders at EFCC told us that: “We have filed charges against Stallion and its MD, Hapreet Singh in the High Court of Federal Capital Territory.”

Hapreet Singh, Managing Director, Stallion Motors Limited

“Stallion between December 2014 and February 2015 paid the sum of N1.275billion to Dasuki ostensibly to assist in the 2015 general election campaign of the People’s Democratic Party. The MD of Stallion(Singh) allegedly claimed that the PDP, through Yuguda and Dasuki, demanded for donation to assist the party prosecute its campaign in the 2015 general election.

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“The fund was paid to Jabbama Ada Global Ventures Limited, a Bureau de Change (BDC). SalisuGarus, who is the owner of the BDC, claimed he received the funds on behalf of Bashir Yuguda, a former Minister of State for Finance, at whose instruction the money was changed into dollars and handed over to his son, Safinu Bashir Yuguda.”

“When the former minister was invited for questioning, he admitted receiving the money from his son but, added that he “handed the entire sum to Col. Sambo Dasuki (rtd).”

“The former NSA, the source disclosed, claimed that a former minister directed him to contact the owners of Stallion Motors because they had promised to make contributions to the election campaign of the PDP. He consequently mandated Yuguda to collect the money.”

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“Detectives suspected that the bribe was allegedly paid by the auto marketing firm to induce payment of a contract by the Office of National Security Adviser under Mr. Sambo Dasuki for the supply of 700 Stallion carrier trucks and 50 buses.”