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Home»ACCOUNTABILITY/CORRUPTION»Alleged ₦80.2bn fraud: Bello’s absence stalls arraignment
ACCOUNTABILITY/CORRUPTION

Alleged ₦80.2bn fraud: Bello’s absence stalls arraignment

...Alleged ₦80.2bn fraud: Bello’s absence stalls arraignment.
EditorBy EditorApril 19, 2024Updated:April 19, 2024No Comments3 Mins Read
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The failure of the former governor of Kogi state, Yahaya Bello to appear before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja on Thursday, April 18, 2024, stalled his arraignment plan by the Economic and Financial Crimes Commission (EFCC).

Bello was slated for arraignment by the EFCC alongside Ali Bello, Dauda Suleiman and Abdulsalam Hudu on 19-count charges bordering on money laundering to the tune of N80,246,470,089.88 (Eight Billion, Two Hundred and Forty-six Million, Four Hundred and Seventy Thousand and Eighty-Nine Naira, Eighty-Eighty Kobo).

Count one of the charges reads: That you, Yahaya Adoza Bello, Ali Bello, Dauda Suliman, and Abdulsalam Hudu( Still at large), sometime, in February, 2016, in Abuja within the jurisdiction of this Honourable Court, conspired amongst yourselves to convert the total sum of N80,246,470,088.88 (Eighty Billion, Two Hundred and Forty Six Million, Four Hundred and Seventy Thousand and Eight Nine Naira, Eighty Eight Kobo), which sum you reasonably ought to have known forms part of the proceeds of your unlawful activity to wit, criminal breach of trust and you thereby committed an offence contrary to Section 18(a) and punishable under Section 15(3) of the Money Laundering (Prohibition) Act, 2011 as amended”.

ALSO READ: Alleged fraud: EFCC declares Yahaya Bello wanted

Count 17 of the charges read: “That you Yahaya Bello between 26th July 2021 to 6th April 2022 in Abuja within the jurisdiction of this Honourable Court aided E-Traders International Limited to conceal 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) in account number 1451458080 domiciled in Access BankPlc, which sum you reasonably ought to have known forms part of proceeds of unlawful activity to wit, criminal breach of trust and you thereby committed an offence contrary to Section 18(a), 15(2) (d) of the Money Laundering ( Prohibition) Act, 2011 as amended and punishable under Section 15( 3) of the same Act.

Count 18 of the charges reads: “That you Yahaya Adoza Bello sometime in November 2021 in Abuja within the jurisdiction of this Honourable Court indirectly procured E-Traders International Limited to transfer the aggregate sum of $570,330.00 (Five Hundred and Seventy Thousand, Three Hundred and Thirty Dollars) to account number 4266644272 domiciled in TD Bank, United States of America which sum you reasonably ought to have known forms part of proceeds of unlawful activity to wit, criminal breach of trust and you 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.”

Yahaya Bello’s botched arraignment came on the heels of his warrant of arrest granted the EFCC by the court on Wednesday, April 17, 2024.

Prosecution counsel, Kemi Pinheiro (SAN) regretted that a lawful attempt to serve the defendant the charges, along with a court order of arrest was botched “by a person of immunity, who came and whisked him away in his car,” noting that by virtue of Section 287 of the constitution all persons are obliged to obey a court order. Also, Section 12 of ACJA, he said, allowed law enforcement agencies to break down premises to bring unwilling defendants to justice.

Pinheiro assured that “The state will invoke all its powers within the law to ensure that the defendant is produced in court. The state will ensure that he is produced in court for the purpose of arraignment, and it is in his own interest so that he can take his plea”.

Alleged fraud EFCC Federal High Court Yahaya Bello
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