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Yahaya Bello, Three Others Charged In ₦80 Billion Money Laundering Case

  • EFCC to arraign Bello, Ali Bello, Dauda Suleiman, and Abdulsalam Hudu on 19 counts of money laundering
  • Charges allege conspiracy to convert ₦80,246,470,088.88 in proceeds of unlawful activity
  • Bello accused of indirectly acquiring several properties in Abuja using illicit funds

Eko Hot Blog reports that the EFCC will arraign Bello, alongside Ali Bello, Dauda Suleiman, and Abdulsalam Hudu, before Justice Emeka Nwite of the Federal High Court sitting in Abuja.

They face a total of 19 counts of alleged fraud and money laundering.

Editor’s Pick:

According to the charge sheet, the defendants are accused of conspiring “to convert the total sum of ₦80,246,470,089.88 which sum you reasonably ought to have known forms part of the proceeds of your unlawful activity to wit: criminal breach of trust.”

The EFCC further alleged that Bello “indirectly procured” his associates “to use the sum of ₦950,000,000.00 for the acquisition a property” in Maitama, Abuja, “which sum you reasonably ought to have known forms part of proceeds of your unlawful activity to wit: criminal breach of trust.”

Other charges include Bello allegedly using ₦100 million to acquire a property in Gwarimpa, Abuja, as well as ₦920 million to purchase a property in Asokoro, Abuja.

The former governor is also accused of indirectly procuring the transfer of over $1 million to accounts in the United States, which the EFCC claims are proceeds of unlawful activity.

Leading the prosecution team are a team of Senior Advocates of Nigeria (SANs), including Dr. Kemi Pinheiro, Jubrin Okutepa, and Rotimi Oyedepo, alongside seven other EFCC lawyers.

Further Reading:

This high-profile case represents the anti-graft agency’s resolute efforts to tackle corruption and financial crimes in Nigeria. The arraignment of the former Kogi State Governor and his associates on these significant charges will undoubtedly be closely watched as the judicial process unfolds.

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EZEKIEL Tijani

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EZEKIEL Tijani

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