Ifeadi in her testimony in the court said though she opened the accounts, she never saw the signatories.
She disclosed that she had gone to NIMASA to look for deposits when she met the Executive Director, Maritime Safety and Shipping Development, Captain Ezekiel Agaba.
According to her, Agaba had told her the agency wanted to open account for a committee on the International Ship and Port Facility Security (ISPS) Code implementation.
She said that on opening of the account, the sum of N1.2billion was paid into the ISPS code account from NIMASA’s account.
Agaba later told the branch manager to open another account for Aruward Consulting Services in her branch.
This was followed by another account in the names of Philip Enuesike and Ima Udo, which cheque book was collected by Agaba’s persona aide, Nwakuche who later withdrew N3m cash from Aruward’s account. He also later requested for a transfer of N4million from the account.
Another N70million was also transferred to Codes Oil and Gas, and N72million transferred to Gidado BDC.
She told the court that the Aruward account was being operated by Ekene Nwakuche and Governor Juan. Both agreed they operated the account.
Another account was also opened in the name of Extreme Vertex Limited, with another staff, Chukwuemeka Onuoha serving as the signatory.
Hundreds of millions of naira was paid from the Aruward account, including N11million to Juan, N10million to Al-Kenzo Logistics, N100million Kofa Fada Nigeria Limited, a bureau de change, N85million to others.
Ifeadi disclosed that another account for Southern Offshore Limited, which has Phillip Okolo and Uche Obilor as signatories, was paid N212.6million, N189.7million between February March 2014.
Akpobolokemi, Agaba, Ekene Nwakuche, Governor Juan, Blockz and Stonz Limited, Kenzo Logistics Limited and Al-Kenzo Logistic Limited are currently standing trial in case of N2, 658,957,666 fraud between 2013 and May 2015 brought against them by the EFCC.