x

[BREAKING] N110.4bn Fraud: Court Grants Yahaya Bello N500m Bail

By Abigail Philip David

The Federal Capital Territory High Court in Abuja has granted former Kogi State Governor, Yahaya Bello, bail in the sum of ₦500 million, along with three sureties. The decision, delivered on Thursday by Justice MaryAnne Anenih, followed a fresh bail application after the court initially denied his request during the last hearing.

Bello, alongside Umar Oricha and Abdulsalami Hudu, is facing a 16-count charge brought by the Economic and Financial Crimes Commission (EFCC). The charges include criminal breach of trust and money laundering involving ₦110.4 billion.

For the co-defendants, the court set bail at ₦300 million each, with two sureties and other stipulated conditions.

Bail Conditions
Justice Anenih outlined specific conditions for Bello’s release. The sureties must be responsible citizens and landowners in Abuja’s Maitama, Guzape, Apo, Wuse 2, or Asokoro districts. The sureties must submit property documents and two recent passport photographs to the court registrar.

Bello is also required to provide two recent passport photographs, a photocopy of a valid means of identification (International Passport or National Identity Card), and must present the original to the registrar. Additionally, he is prohibited from traveling without court approval and will remain in Kuje Correctional Facility until all bail conditions are fulfilled.

Previous Bail Denial
The court had earlier rejected Bello’s bail request on December 10, citing procedural issues. Justice Anenih ruled that the application, dated November 22, 2024, was filed prematurely—prior to Bello’s arraignment on November 27, 2024, and before he was taken into custody on November 26, 2024.

She stated, “The application, having been filed prematurely, is hereby refused.”

This ruling marks a significant development in the ongoing trial of the former governor and his co-defendants.

Hot this week

EFCC Raises Alarm Over Banks, Fintechs in ₦18.7bn Fraudulent Investment, Airline Discount Schemes

By Francis WilfredThe Economic and Financial Crimes Commission (EFCC)...

Tinubu approves ambassadors to US, UK, France, Turkey

President Bola Ahmed Tinubu has approved the posting of...

Rivers Assembly Crisis: CSOs, APC Leaders Demand NASS Intervention

Civil society organisations, media professionals, and leaders of the...

Abia Labour Party Warns APC Against ‘Backdoor’ Power Grab

By Okechukwu Keshi UkegbuThe Labour Party (LP) in Abia...

IPOB condemns heavy security deployment at Onitsha Main Market

The Indigenous People of Biafra (IPOB) has criticised the...

EFCC Arraigns Ex-NEDC Project Coordinator Over Alleged N2.28bn Fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned...

2027 Polls: Oborevwori Directs Police, Security Agencies to Arrest, Prosecute Armed Individuals

By Anne AzukaDelta State Governor, Rt. Hon. Sheriff Oborevwori,...

Ododo Praises Tinubu’s Public Finance Reforms as Ibori Commissions Kogi Audit House

By Noah Ocheni, LokojaKogi State Governor, Alhaji Ahmed Usman...

IGBO ADORATION DAY IS A LAUDABLE PROJECT,  OHANAEZE NDIGBO CHIEFTAIN 

   The President of Ohanaeze Ndigbo, Abia State Chapter,...

2026 budget proposal, Electoral Act to get legislative attention — Deputy speaker

The Deputy Speaker of the House of Representatives, Benjamin...

IPOB condemns heavy security deployment at Onitsha Main Market

The Indigenous People of Biafra (IPOB) has criticised the...

Tinubu briefly stumbles during official event in Turkey

President Bola Tinubu briefly stumbled and fell in Ankara,...

NSCDC: A Force for Security or a Source of Corruption?

By Adamu IsahShockwaves are currently sweeping through Nigeria's security...

Related Articles

Popular Categories

spot_imgspot_img