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BMW Scandal: Coscharis gave N112m kickback to aviation minister

Published on Wednesday, October 23, 2013 10:19 PM // ,

According to new reports by Sahara Reporters, the car company that sold the two BMW armored cars to NCAA, gave N112million to aviation minister Stella Oduah as kickbacks. (Kickback is a form of negotiated bribery in which a commission is paid to the bribe-taker for services rendered)

From Sahara Reporters
Even as the minister of aviation began a new spin today that the BMW armored cars purchased by the Nigerian Civil Aviation Authority (NCAA) for her use were done on "hire-purchase", SaharaReporters has unearthed new details about the $1.6 million spent by the Nigerian Civil Aviation Authority to purchase the armored BMW cars for Nigeria's Aviation Minister Stella Oduah.
A highly reliable source has told SaharaReporters that the shady deal for the car was done entirely between Coscharis Motors Limited, a dealership from which the cars were purchased, one of Ms. Oduah’s private firms based in Abuja, and First Bank of Nigeria.
“The NCAA was not even aware of the deal until the minister told them to sign that they had received two BMW cars,” said our source.
After inking the deal, Coscharis Motors, sellers of the highly inflated automobiles, reportedly gave the Aviation Minister more than N112 million as kickbacks. Our source added that Cosmas Maduka, who owns Coscharis Motors, pocked N60 million for each of the two BMW cars.

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