Connect with us

    Hi, what are you looking for?

    Metro

    Gov Yahaya Bello’s Nephew Remanded in Prison for N3bn Fraud

    Economic and Financial Crimes Commission (EFCC) on Wednesday, arraigned one Ali Bello, a nephew of Kogi State Governor, Yahaya Bello, before Justice Obiora Egwuatu of a Federal High Court Abuja.

    Bello was docked alongside Abba Adauda, Yakubu Siyaka Adabenege, Iyada Sadat, Rashida Bello (at large) on 18 count charges bordering on criminal misappropriation and money laundering to the tune of N3,081,804,654.00 (Three Billion, Eighty-One Million, Eight Hundred and Four Thousand, Six Hundred and Fifty-Four Naira.

    Bello, Adaudu, Adabenege, Sadat and Rashida (at large) sometime in June, 2020 in Abuja procured E- Traders International Limited to retain the aggregate sum of N3,081,804,654.00 (Three Billion, Eighty-One Million, Eight Hundred and Four Thousand, Six Hundred and Fifty-Four Naira) which sum they reasonably ought to have known forms part of proceeds of unlawful activity.

    Similarly, the defendants sometime in November 2021 in Abuja procured E-Traders International Limited to transfer the aggregate sum of $570,330 (Five Hundred and Seventy Thousand, Three Hundred and Thirty United States Dollars) to account number no; 426-6644272 domiciled in TD Bank, United States of America, which sum they reasonably ought to have known forms part of proceeds of unlawful activity to with: criminal misappropriation, and thereby committed an offence contrary to section 15(2)(d) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 15 (3) of the same Act.

    The defendants pleaded “not guilty” to all the charges preferred against them.

    In view of their pleas, Prosecuting Counsel, Rotimi Oyedepo, SAN, urged the court to give a trial date to enable the prosecution to prove its case.

    However, defence counsel, Ahmed Raji SAN, prayed the court to grant his client bail pending the hearing and determination of the case.

    Justice Egwuatu adjourned the case till 13 February, 2023 and ordered that the defendants be remanded in a Correctional Centre pending the determination of the bail application.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Oil and Gas

    Leading oil and gas experts in Nigeria have called for the full adoption of digital technologies to overcome the complex challenges facing the country’s...

    News

    Russia’s Finance Ministry announced on Wednesday, September 24, that it plans to raise the country’s value-added tax (VAT) to help finance the ongoing war...

    Tech

    Lagos State has reaffirmed its position as Africa’s leading technology and innovation hub following the successful hosting of the GITEX Nigeria Tech Expo, Future...

    News

    The United States has reversed its visa restrictions on Ghana after the West African country agreed to accept west Africans deported by the United...