Kogi First Lady, Nephew Docked for N3bn Fraud

The Economic and Financial Crimes Commission, EFCC on Wednesday, February 8, 2023, 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, and 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.

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

However, defense 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.