Amosu was also asked by the anti-graft agency to plead guilty to the charges against him, in exchange for a reduced sentence.
Other former military chiefs who will benefit from the plea bargain, include former Airforce Chief of Accounts and Budgeting, Air Vice Marshal Jacob Adigun and a former Director of Finance and Budget, Air Commodore Olugbenga Gbadebo.
A source who spoke to Punch said “We will not want to rock the boat because negotiations are still ongoing. However, since Amosu, Adigun and Gbadebo have opted for plea bargain, we expect them to permanently forfeit all the properties linked to them.
“Afterwards, they will enter a guilty plea and receive a reduced sentence. This was what we did for the Managing Director of the defunct Oceanic Bank, Mrs. Cecilia Ibru, who was jailed after she pleaded guilty and forfeited 103 choice houses and shares in 77 companies in Nigeria in 2010.
“It is the standard practice worldwide and it will save everybody’s time.”
Reports say over N3b has been recovered from Amosu and the other military chiefs.
Mrs. Lara Amosu was reportedly arrested by the EFCC because N3b » was allegedly traced to her bank account.
The sums of N180m, N101m and N100m, were reportedly recovered from three different bank accounts of a company connected to Mrs. Amosu.
Also, $1m was also found in a freshly dug pit » at the home of former Chief of Air Staff, in Badagry, Lagos state.