US EditionEFCC to arraign Bauchi Finance Commissioner over alleged N4.6bn fraud
Yakubu Adamu faces six counts of money laundering linked to a N4.65 billion Polaris Bank loan for undelivered motorcycles, EFCC said.
- On Wednesday the EFCC will arraign Yakubu Adamu, Commissioner of Finance, Bauchi State, for alleged money laundering on a charge dated December 19, adjourned for arraignment on December 24, 2025.
- Count one alleges Yakubu Adamu conspired between June 2023 and December 2023 to convert about N4,650,000,000 from a Polaris Bank Ltd, Bauchi branch facility meant for motorcycles via Emmanuel Asomugha General Enterprises, which were not supplied.
- The charge sheet, marked FHC/ABJ/CR/694/2025, alleges transfers through I.S. Makayye Investment Resources Ltd, including #900,000.00 to Ayab Agro Products and Freight Company Ltd.
- The case could not proceed due to absence of the EFCC's lawyer and defendants on Tuesday, while defence counsel led by Chief Gordy Uche, SAN, attended the hearing.
- The charge cites Sections 20 and 21 of the Money Laundering Act, 2022, with Ishaku Mohammed Aliyu and Muntaka Mohammed Duguri reported now at large.
13 Articles
13 Articles
Daily Trust
Alleged N4.6bn: Court Orders EFCC To Produce Bauchi Commissioner
A Federal High Court in Abuja has ordered the Economic and Financial Crimes Commission (EFCC) to produce the Bauchi State Commissioner for Finance, Yakubu Adamu, on December 30 for arraignment over alleged N4.6 billion money laundering. Justice Emeka Nwite made the order on Wednesday following the failure of the EFCC failed, for the second time, to present Adamu for plea-taking. Adamu and Ayab Agro Products and Freight Company Ltd are listed as …
EFCC to arraign Bauchi Finance Commissioner over alleged N4.6bn fraud
The Economic and Financial Crimes Commission, EFCC, will, on Wednesday, arraign Yakubu Adamu, Commissioner of Finance, Bauchi State, over alleged N4.6 billion money laundering. Adamu, alongside a firm, Ayab Agro Products and Freight Company Ltd, will be arraigned before Justice Emeka Nwite at the Federal High Court in Abuja on a six-count money laundering charge marked FHC/ABJ/CR/694/2025. Adamu and his co-defendant were to take their plea on Tu…
EFCC Arraigns Commissioner, Ex-Polaris Bank Manager For Alleged N5.7b Money Laundering
Advertisements The Economic and Financial Crimes Commission, EFCC, on Tuesday, December 30, 2025 arraigned Bauchi State Commissioner for Finance and former Branch Manager of Polaris Bank Plc, Bauchi State branch, Yakubu Adamu, before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, over alleged money laundering offences involving N5,791,900,000 (Five Billion, Seven Hundred and Ninety-One million, Nine Hundred Thousand Naira).Adamu …
N4.6bn laundering: Court orders EFCC to produce Bauchi finance commissioner
The Federal High Court in Abuja on Wednesday ordered the Economic and Financial Crimes Commission to produce the Bauchi State Commissioner for Finance, Yakubu Adamu, in court on December 30 for arraignment over alleged N4.6 billion money laundering.Justice Emeka Nwite issued the order after the EFCC failed, for the second time, to present Adamu for plea-taking, warning that the prosecuting counsel would be sanctioned if the defendant was not pro…
Court Threatens EFCC with Sanctions in ₦4.6bn Laundering Case
The Federal High Court in Abuja has warned the Economic and Financial Crimes Commission (EFCC) of possible sanctions over its failure to produce the Bauchi State Commissioner for Finance, Yakubu Adamu, for arraignment in an alleged N4.6 billion money laundering case. Presided over by Justice Emeka Nwite, the court issued the warning after the anti-graft agency failed, for the second time, to bring Adamu before the court for plea-taking. The judg…
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