US EditionAlleged N5.7bn fraud: Bauchi Commissioner secures N500m bail
- The Economic and Financial Crimes Commission and the Nigerian Correctional Service clashed during the bail hearing of Abubakar Malami, who faces N8.7 billion money laundering charges, leading to a tense standoff in the courtroom.
- Bauchi State Commissioner for Finance, Yakubu Adamu, was granted bail of N500 million with conditions while awaiting the start of his full hearing on January 20 regarding his alleged involvement in a N5.7 billion fraud.
- Justice Emeka Nwite stated that the allegations against the defendants were bailable and scheduled the ruling on their bail application until January 7.
- The EFCC alleged that the defendants diverted funds intended for supplying motorcycles to the Bauchi State Government, implicating companies in money laundering activities.
13 Articles
13 Articles
Court grants Bauchi commissioner ₦500m bail in alleged multi-billion naira money laundering case
Federal High Court in Abuja has granted bail to Bauchi State Commissioner of Finance, Yakubu Adamu, in the sum of ₦500 million with two sureties of similar value each. Justice Emeka Nwite, ruling on Adamu’s bail application, ordered that the sureties must be landowners in the Maitama, Asokoro, or Gwarimpa The post Court grants Bauchi commissioner ₦500m bail in alleged multi-billion naira money laundering case appeared first on National Accord Ne…
Court Grants Bail to Bauchi Finance Commissioner Over Alleged N5.7bn Fraud
The Federal High Court in Abuja on Friday granted bail to Bauchi State Commissioner for Finance, Yakubu Adamu, who is standing trial over allegations of involvement in a N5.7 billion fraud. Trial Justice Emeka Nwite approved bail in the sum of N500 million, with two sureties of similar value. The court ruled that the sureties must own verifiable landed property within the Asokoro, Maitama, or Gwarinpa districts of the Federal Capital Territory (…
BREAKING: Abuja Court Adjourns Hearing On Ex-AGF Malami’s Bail Application To January 7
A Federal High Court sitting in Abuja has adjourned to January 7, 2026, the hearing of a bail application filed by a former Attorney General of the Federation and Minister of Justice, Abubakar Malami, who is facing alleged money laundering charges.
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