By: Abdulazeez Abdulwahab
A Federal High Court, Abuja, on Monday, adjourned the ₦3 billion fraud trial of Ali Bello, nephew of Kogi State governor, Yahaya Bello and three others till 16th April.
Justice Obiora Egwuatu adjourned hearing in the case after ruling on the defendants’ bail applications. The court granted the defendants bail in the sum of N500 million each and two sureties in like sum.
The sureties must reside in Abuja, with identifiable addresses and own landed property worth ₦500 million within the jurisdiction of the court. They are to further provide evidence of tax payments from 2020 to 20222 and deposit the original title documents in respect of the property with the Registrar of the court. In addition, the defendants are to deposit their international passports with the court and must obtain the permission of the court to travel outside the jurisdiction.
Bello was on 8th February, arraigned by the Economic and Financial Crimes Commission (EFCC) alongside Abba Adauda, Yakubu Siyaka Adabenege, Iyadai Sadat and Rashida Bello (at large) on 18-counts of criminal misappropriation and money laundering to the tune of Three Billion, Eighty-One Million, Eight Hundred and Four Thousand, Six Hundred and Fifty-Four Naira (₦3,081,804,654.00) only.