The Economic and Financial Crimes Commission (EFCC) began its case on Wednesday, January 29, against former Kogi State Governor, Yahaya Bello, by presenting its first witness in the ongoing 16-count money laundering trial. The first witness, Fabian Nwaora, a real estate businessman, testified in the case, providing evidence to support the prosecution’s claims....Read Full Article >>➤
This move came after Justice Maryann Anenih overruled an objection raised by Bello and his co-defendants to delay the trial’s start. Bello is facing charges alongside two Kogi state officials, Oricha and Abdulsalami Hudu. The charges in case CR/7781 include conspiracy, criminal breach of trust, and’ the possession of unlawfully obtained property.
EFCC Alleges Misuse of State Funds for Personal Gain
The EFCC alleges that Bello used state funds to acquire expensive properties both within Nigeria and abroad. The properties in question include:
No. 35 Danube Street, Maitama District, Abuja – N950 million
No. 1160 Cadastral Zone C03, Gwarimpa II District, Abuja – N100 million
No. 2 Justice Chukwudifu Oputa Street, Asokoro, Abuja – N920 million
Block D, Manzini Street, Wuse Zone 4, Abuja – N170 million
Hotel Apartment in Burj Khalifa, Dubai – 5.69 million Dirhams
Block 18, Gwelo Street, Wuse Zone 4, Abuja – N60 million
No. 9 Benghazi Street, Wuse Zone 4, Abuja – N310.4 million
Additionally, the EFCC claims that Bello transferred $570,330 and $556,265 to TD Bank in the USA and was in possession of unlawfully obtained property, including N677.8 million from Bespoque Business Solution Limited.
Court Proceedings and Bail
Bello was initially remanded in Kuje Prison on December 10, 2024, with his co-defendants granted bail. However, he was later granted bail under strict conditions, which included a N500 million bond and three sureties with equivalent sums.
EFCC’s Commitment to Accountability
After the court’s ruling, an EFCC official expressed confidence in the trial, emphasizing the commission’s dedication to upholding financial integrity.
“This trial represents an important step in holding public officials accountable for financial misconduct. We will present all the evidence needed to prove our case,” the official stated.
Bello’s legal team, on the other hand, has expressed dissatisfaction with the trial, calling it politically motivated. As the case progresses, both sides are preparing for a heated legal battle in upcoming sessions. ...Read Full Article >>➤
Be the first to comment