N80.2bn Fraud: Court Of Appeal To Hear EFCC Argument Against Yahaya Bello

April 22, 2024
Yahaya Bello: Court Dismisses Bail Application In N110bn Fraud

The Abuja Court of Appeal today will be the battleground for the continuous lawful tussle between the Economic and Financial Crimes Commission (EFCC) and Yahaya Bello, the former governor of Kogi State.

The EFCC is appealing against a Kogi court’s choice that ended Bello’s capture over corruption charges measuring to N80.2 billion.

Join our WhatsApp Channel

The anti-graft agency’s attempt to prosecute Bello for alleged money laundering, breach of trust, and misappropriation of funds has hit a catch due to administering by a lower court, which barred the EFCC from taking any activity against Bello pending the assurance of his crucial human rights suit.

In a bid to thwart this obstacle, the EFCC approached the Federal High Court in Abuja seeking an arrest warrant for Bello whereas the Kogi court was arbitrating his claim. In any case, their endeavors were upset when an endeavor to capture Bello in his Abuja home failed.

READ ALSO: How Gunmen Wearing Military Camouflage Nearly Killed Kogi Governor, Yahaya Bello

The legal drama escalated as Bello’s planned arraignment was adjourned due to his nonappearance, provoking his legal team to bring the matter before the appeal court. Abdulwahab Mohammed (SAN), leading Bello’s lawful defense, contended against the EFCC’s application for an arrest warrant, emphasizing the ongoing appeal process.

On the other side, Kemi Pinehero, representing the EFCC, pressed for the trial to continue, stating the agency’s statutory mandate to examine and prosecute financial crimes.

In its request, the EFCC, represented by J.S. Okutepa (SAN), sought a stay of execution on the Kogi court’s order, contending that it obstructs the agency’s ability to fulfill its obligations under the EFCC Act 2004.

The EFCC condemned the lower court’s order as a prevention to its endeavors to combat financial crimes, underscoring the significance of its statutory capacities in upholding equity and accountability.

As the legal fight unfolds in the appellate court, the result will not only decide the destiny of Yahaya Bello but also shed light on the scope of the EFCC’s authority in combating corruption within the Nigerian political system.

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Nigerian Govt Set To Launch 2,700 CNG Buses, Tricycles Ahead Of May 29 
Previous Story

Nigerian Govt Set To Launch 2,700 CNG Buses, Tricycles Ahead Of May 29 

Nigeria's Naira Strains As Wheat Imports Rise: A Call For Local Production
Next Story

Nigeria’s Naira Strains As Wheat Imports Rise: A Call For Local Production

Featured Stories

Latest from Business

Naira vs Dollar: What To Expect This Week (24th-30th, March 2025)

Dollar Rate Closes At N1,454/$ In Official Window

In the Nigerian foreign exchange market (NFEM), also known as the official window, on Monday, December 8, the United States dollar (USD) traded flat at N1,454 per $1, the same foreign exchange (FX) rate reported on Friday, December 5. Before the exchange
The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

NGX Market Cap Rises By N240bn, Morison Leads Top Gainers

On Monday, December 8, the stock market capitalisation of the Nigerian Exchange (NGX) Limited increased by N240 billion or 0.26 percent. The market capitalisation increased from N93.72 trillion on Friday, December 5, to N93.96 trillion.Join our WhatsApp Channel Also, the all-share index
Five Most Profitable Insurance Stocks In Q3 2025

Five Most Profitable Insurance Stocks In Q3 2025

Within the third quarter (Q3) of 2025, shareholders of 17 insurance companies recorded growth in their investments, while one closed the period with a decline in investments held by its investors. The NGX consists of the following insurance companies with active trading
Nigerian Govt Set To Launch 2,700 CNG Buses, Tricycles Ahead Of May 29 
Previous Story

Nigerian Govt Set To Launch 2,700 CNG Buses, Tricycles Ahead Of May 29 

Nigeria's Naira Strains As Wheat Imports Rise: A Call For Local Production
Next Story

Nigeria’s Naira Strains As Wheat Imports Rise: A Call For Local Production

Don't Miss

Nigeria’s Inflation Drops To  22.22% In June

Nigeria’s headline inflation rate has further dropped to 22.22 per
$500m World Bank Loan: LCCI Highlights How Nigeria Can Reduce External Borrowing

#Nigeria@64: LCCI Seeks Bold Economic Reforms To Address Insecurity, Inflation, Oil Theft

Lagos Chamber of Commerce and Industry (LCCI) Calls for Action