Abubakar Isa Funutua, son of late Isa Funtua, and his Ugandan business associate, Asega Aliga, both looted N28 billion from Keystone Bank and fled Nigeria. While Abubakar is said to have moved to Spain where his estimated to be worth $ 300 million in cash and properties, Aliga is said to the hiding in Uganda. The two rogues also shuttle around the UK.
The duo used 13 companies dubiously formed companies to collect Agricultural loans from the Central Bank of Nigeria, CBN, under Godwin Emefiele and have since paid only N7 billion before they decided to go into hiding.
The shell companies used are: STEFEM AGRICULTURE NIG LTD, MIDDLEEMARSH FARM LTD, AGRICULTURAL DERIVATIVES LTD., CHARIS2014 GLOBAL LTD, IKEEZ AGRO ALLIED RESOURCES LTD., PIERS ON AGRO-ALLIED, WHOLEFOODS PROCESSING LTD, TENACO FARMS AND FOOD NIG LTD, HOUSE OF ESHCOL LTD, MAHVECK GLOBAL CONCEPT LTD, ESTIM FARMS LTD, WILLYMONIA INT, HARGRIK AGRO INVESTMENT.
