The Economic and Financial Crimes Commission (EFCC) has initiated proceedings against former Kogi State Governor, Yahaya Bello, in an N80.2 billion money laundering case. The trial commenced with testimony from the EFCC’s first witness.
Segun Adeleke, General Manager of Efab Properties Limited, testified in court today. Adeleke stated that his company sold a property at No. 1 Ikogosi Street, Maitama, to Shehu Bello for N550 million. The EFCC did say how Shehu Bello might be related to Yahya Bello.
The former governor faces 19 counts of money laundering totaling N80.2 billion. The court previously granted Yahaya Bello bail at N500 million, with two sureties of equal value.
The EFCC is expected to present further evidence in subsequent hearings. The progression and conclusion of this trial are of significant public interest, due to the defendant’s prominent position and the gravity of the money laundering charges. The trial continues.
[…] outlined the case against Muhammed. Charges include obtaining money by false pretense, forgery, and money laundering. “Investigations showed Muhammed presented false information to the victim. He secured a […]