The Economic and Financial Crimes Commission (EFCC) has disclosed plans to arraign former Kogi State Governor, Yahaya Bello, before a Federal High Court in Abuja on Thursday, April 18, 2024. This follows a warrant of arrest issued by the same court earlier, based on an ex-parte motion filed by the EFCC.
Bello, along with three other suspects – Ali Bello, Dauda Suliman, and Abdulsalam Hudu, faces 19 counts related to money laundering, amounting to a staggering N80,246,470,088.88. Dele Oyewale, EFCC’s spokesperson, revealed these details in a press statement issued on Wednesday.
Among the charges, count one alleges a conspiracy to convert funds, violating the Money Laundering (Prohibition) Act of 2011. Specific charges, such as count 17 accusing Bello of aiding in concealing funds, underline the severity of the accusations.
The EFCC encountered resistance while executing the arrest warrant on Wednesday, April 17, 2024. Security measures were breached at Bello’s residence in Abuja, facilitated by Kogi State Governor Usman Ododo, who ensured Bello’s departure in an official vehicle.
Despite the challenges faced, Oyewale emphasized the EFCC’s commitment to due process and the rule of law. Bello’s arraignment, scheduled for Thursday, signifies a crucial step in combatting financial crimes and upholding accountability.
It’s imperative to note that the accused, including Bello, are entitled to a fair trial and are presumed innocent until proven guilty. The specific amount involved in the alleged money laundering scheme underscores the magnitude of financial crime in Nigeria, contributing to broader efforts to address corruption and illicit financial activities.
The arraignment of Yahaya Bello before the Federal High Court in Abuja represents a significant milestone in the legal proceedings against him and serves as a testament to the EFCC’s dedication to combating financial malpractice.
About Post Author
Views: 0
