- State Commissioner Sent To Kuje Prison Over Money Laundering
-
EFCC alleged fake motorcycle supply deal and diversion of bank funds.
-
Bail ruling fixed for January 2, 2026, as trial looms.
The Federal High Court sitting in Abuja on Tuesday ordered the remand of the Bauchi State Commissioner for Finance, Yakubu Adamu, at the Kuje Correctional Centre pending a ruling on his bail application.
Justice Emeka Nwite gave the order after Adamu and a firm, Ayab Agro Products and Freight Company Limited, were arraigned on a six count charge bordering on alleged money laundering involving ₦4.6 billion.
EDITOR’S PICKS
- All You Need To Know About Makinde–Fayose Feud Over ‘₦50bn Disbursement’
- Igbooye Kingdom Commemorates 1st Coronation Anniversary of Orijeru Oba Abdulrasaq with Nine-Day Festivities
- N’Assembly Workers Protest Federal Character Breach
EKO HOT BLOG reports that the Economic and Financial Crimes Commission listed Adamu as the first defendant and the company as the second defendant in the charge marked FHC ABJ CR 694 2025. The charge, dated December 19, 2025, was filed by EFCC counsel, Samuel Chime.
After the charges were read, Adamu and the company pleaded not guilty to all counts.
In count one, the EFCC alleged that Adamu, while serving as Branch Manager of Polaris Bank Limited in Bauchi, conspired with Ishaku Aliyu, Managing Director of Makayye Investment Resources Limited, and Muntaka Mohammed Duguri, both said to be at large, between June and December 2023.
The commission alleged that the defendants facilitated the conversion, transfer, concealment and use of ₦4.65 billion released by Polaris Bank under the guise of financing the supply of motorcycles to the Bauchi State Government through Emmanuel Asomugha General Enterprises.
According to the EFCC, the motorcycles were never supplied.
“The motorcycles were not supplied, and you thereby committed an offence contrary to Section 21(a) and punishable under Section 21 of the Money Laundering Prevention and Prohibition Act 2022,” part of the charge read.
Count six further accused the defendants of retaining and transferring proceeds of unlawful activities through nominees and third party accounts, including a transfer of ₦165.9 million to Ayab Agro Products and Freight Company Limited.
Adamu’s counsel, Chief Gordy Uche, SAN, applied for bail, urging the court to grant liberal terms. The EFCC opposed the application and requested an accelerated hearing.
Justice Nwite fixed January 2, 2026, for ruling on the bail application and ordered Adamu’s remand at the Kuje Correctional Centre.
FURTHER READING
- 2027: ‘Take Us to APC’ Kano Supporters Tell Kwankwaso
- From Barefoot Almajiri To Graduate How Kindness Transformed Ahmad Isa’s Life
- $570,000 Blood Money Paid as NiDCOM Seeks Freedom for Nigerian in Saudi Prison
