x

Court Grants Former Kogi Governor Bello N500 Million Bail in N80 Billion Money Laundering Case

By Noah Ocheni, Lokoja

The Federal High Court in Abuja on Friday granted the former Governor of Kogi State, Yahaya Bello, bail in the sum of N500 million with two sureties in like sum. This follows charges brought against him by the Economic and Financial Crimes Commission (EFCC) for alleged money laundering involving a sum of N80 billion.

Bello, who pleaded not guilty to the 19-count charges, was granted bail after the EFCC’s Counsel, Kemi Pinheiro, SAN, informed the court that a previous application for an abridged arraignment date was no longer relevant. This application had been overtaken by events, and the Defendant’s legal team, led by Joseph Daudu, SAN, did not object.

Addressing the court, Daudu clarified that Bello’s previous absence was due to legal challenges regarding the court’s jurisdiction, which had been appealed in higher courts. He emphasized that the former governor had no intention of disrespecting the court but was merely defending his legal rights.

The court heard a bail application from the defense, with Daudu assuring that Bello would attend all court proceedings. “He has a track record of responsibility,” Daudu stated, noting that the former governor had only traveled twice during his two terms as governor. He urged the court to grant reasonable bail conditions, ensuring the defendant’s presence at future hearings.

The Prosecution Counsel, Pinheiro, SAN, expressed respect for the defense’s assurances, confirming that the EFCC would not oppose the bail, despite initially filing a counter-affidavit.

In his ruling, Justice Emeka Nwite granted Bello bail in the amount of N500 million, with two sureties who must be landed property owners within the court’s jurisdiction. The sureties must also provide an affidavit of means, and their property titles will be verified by the court registrar. Additionally, Bello was ordered to surrender his international passport and remain in the Kuje Correctional Centre until the bail conditions are met.

Bello was previously remanded by the EFCC in connection with another N110 billion charge, pending his bail application.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Microsoft Says Its New AI System Diagnosed Patients 4 Times More Accurately Than Human Doctors

Microsoft has announced a breakthrough in artificial intelligence, claiming...

PDP NEC Reinstates Anyanwu as National Secretary, Sets New Date for Convention

The Peoples Democratic Party (PDP) has reinstated Senator Samuel...

Kaduna Governor Makes Four New Appointments to Boost State Enterprises

By Achadu Gabriel, Kaduna In a move aimed at repositioning...

N500bn Lawsuit: Bash Ali Drags Ex Sports Minister Dare to Court for Extortion, Defamation

...Also Sues FG, National Sports Commission By Achadu Gabriel, Kaduna Renowned...

Why the Obi–El-Rufai–Atiku Alliance Is a Carefully Laid Trap —Oswald

...Says alliance is a political ambush, not a unity...

Benue SEMA Refutes Alleged Diversion of Relief Materials by Camp Officials

By Isaac Kertyo, Makurdi The Benue State Emergency Management Agency...

Insecurity: NEF Urges Tinubu to Declare State of Emergency in 19 Northern States

...Laments Killing of 20 Soldiers...Says Region Is at War By...
spot_img

Related Articles

Popular Categories

spot_imgspot_img