Nigeria: How Companies Disbursed Kogi LG Funds Through 'In-and-Out' Paper Transactions - EFCC Investigator
An EFCC investigator said CCTV and bank records showed the companies used paper transfers to conceal Kogi local government funds.
- On Tuesday, EFCC detective John Justice testified at the FCT High Court that three companies received Kogi State local government funds through 'in-and-out' transactions designed to obscure the money's movement.
- The transactions allegedly occurred during the tenure of former Governor Yahaya Bello, who faces charges for allegedly diverting N110.4 billion from Kogi State's treasury between January 2016 and January 2024.
- Justice detailed how customers used paper transfers rather than physical cash withdrawals, involving firms Hazyman Investment Limited, Bimas Ventures Limited, and Fazad identified in the investigation.
- Presiding Judge Maryann Anenih adjourned the trial until November 24, as the EFCC alleges diverted funds were used to pay children's school fees at the American International School Abuja .
- Bello and his co-defendants have denied all allegations, while the former governor pursues a Kogi Central Senatorial District seat in 2027 on the All Progressives Congress platform.
13 Articles
13 Articles
N110.4bn fraud: EFCC witness links companies’ monthly inflows to Kogi LG accounts
By Ogundele Eniola An operative of the Economic and Financial Crimes Commission (EFCC), John Justice, has told the Federal Capital Territory High Court in Maitama, Abuja, that most funds paid into the accounts of companies under investigation in the alleged N110.4 billion fraud case involving former Kogi State Governor Yahaya Bello came from local government accounts in the state on a monthly basis. Justice made the disclosure on Tuesday while…
Alleged ₦110.4bn fraud: EFCC witness tells court monthly inflows from Kogi LG accounts
An operative of the Economic and Financial Crimes Commission, EFCC, John Justice, on Tuesday, October 27, 2026, told the Federal Capital Territory, FCT, High Court in Maitama, Abuja, that most of the funds credited to the account of companies under investigation in the alleged ₦110.4 billion fraud case involving former
Yahaya Bello’s alleged ₦110.4bn fraud: EFCC witness tells court monthly inflows came from Kogi LG accounts
An operative of the Economic and Financial Crimes Commission, EFCC, John Justice, on Tuesday, October 27, 2026, told the Federal Capital Territory, FCT, High Court in Maitama, Abuja, that most of the funds credited to the account of companies under investigation in the alleged ₦110.4 billion fraud case involving former Kogi State Governor Yahaya Bello […]
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
