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Breaking News: N80.2bn Fraud Court rejects Yahaya Bello’s request to stop trial

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Here are the details of the N80.2 billion fraud case against Yahaya Bello

Yahaya Bello: The former governor of Kogi State is facing charges of N80.2 billion money laundering at the Federal High Court in Abuja.

-Court Ruling: The court has fixed May 10, 2024, to rule on Bello’s application seeking vacation of the arrest warrant issued against him.

EFCC’s Position:  The Economic and Financial Crimes Commission (EFCC) has promised to set aside the arrest warrant if Bello appears in court.

Bello’s Concerns: Bello’s lawyer, Adeola Adedipe, has expressed concerns about the arrest warrant, citing fears of arrest and prejudice to a fair trial.

EFCC’s Allegations: The EFCC alleges that Bello laundered N80.2 billion while serving as governor of Kogi State between 2016 and 2020.

Bello’s Denial: Bello has denied the allegations, calling them politically motivated and an attempt to tarnish his image.

 

EFCC Withdraws Appeal: The Economic and Financial Crimes Commission (EFCC) has filed a notice of withdrawal to discontinue an appeal against an order of a Kogi high court restraining the agency from arresting Yahaya Bello, former governor of the state.

Kogi Assembly Defends Yahaya Bello*: The State House of Assembly has called on the Economic and Financial Crime Commission, EFCC, to obey the rule of law and work within the ambit of law.

EFCC Approaches Appeal Court: The EFCC is accusing Bello of embezzling N80.2 billion during his tenure in office and has approached the Appeal Court to set aside the restraining order.

Yahaya Bello’s Denial: Bello has denied the allegations of fraud and money laundering, calling them politically motivated and an attempt to tarnish his image.

EFCC’s Accusation: The EFCC’s case hinges on a meticulously compiled dossier outlining various financial irregularities allegedly perpetrated during Bello’s time as governor.

The N80.2 billion sum reportedly stems from a combination of sources, including inflated contracts awarded to fictitious companies, diversion of state funds for personal gain, and misappropriation of budgetary allocations.

 

Then the recently ekwutosblog learnt that The court has rejected Yahaya Bello’s request to stop his trial over the alleged N80.2 billion fraud. This means that the trial will proceed as scheduled, and Bello will have to face the charges against him.

The court’s decision is a significant development in the case, as it indicates that the judicial process will continue despite Bello’s efforts to halt it. The prosecution, led by the Economic and Financial Crimes Commission (EFCC), will likely present its evidence and witnesses to build a case against Bello, who will have the opportunity to defend himself against the allegations.

It’s important to note that the rejection of Bello’s request to stop the trial doesn’t imply guilt or innocence; it simply means that the court has found sufficient grounds to proceed with the trial. The outcome of the case will ultimately depend on the evidence presented and the court’s verdict based on that evidence.

Politics

President Has Done Greatly, Some of the Efforts of President Bola Ahmed Tinubu’s Administration.

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1. The minimum wage has been raised to ₦70,000

2. Local Governments now have autonomy

3. Fuel importation reduced by 51.4%.

4. The Federal Government facilitated a Nigerian carrier, Air Peace, to secure daily direct flights to London, which crashed ticket prices on that route.

5. The Nigerian government facilitated with Meta to enable Nigerian content creators to monetise their content on Facebook beginning in June 2024.

6. Ended passport scarcity and waiting time for passport application, renewal and collection shorted to less than two weeks and contactless biometric is about to kickstart with Data Control and Command Centre is completed.

7.2023 Electricity Bill signed into Law to end federal monopoly in the power sector and empower states and the private sector to generate, distribute and transmit power.

8. The Federal Government has initiated and begun payment of the ₦50,000 Presidential Conditional Grant Scheme to nano businesses.

9. The Federal Government has initiated and begun payment of student loans.

10. President Tinubu approved 10 billion naira for CNG buses in all 36 states: Bringing CNG conversion centres closer to you step by step; Over 200 centres are expected to be built over the next few months as the Presidential CNG Initiative ramps up its adoption model.

11. Nigeria’s External Reserves hit a 17-month high, gaining $2.35 billion in 18 days.

12. The Federal Government has reimbursed 34 states and the FCT through the Nigeria Community Action for Resilience and Economic Stimulus(NG-CARES) Programme.
The NG-Cares is a program developed to expand access to livelihood support and food security services for poor households and firms across Nigerian states.

13. About N110 billion fund dedicated to empowering youth in priority sectors to drive economic growth.

Embrace Dialogue And Say No To Anarchy

@officialasiwajubat
@seyitinubu

C @renewedhope_2023

 

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BREAKING NEWS : The National Assembly (Senators and Reps) have decided to immediately go on a 7 weeks’ break because of the fear of the forthcoming peaceful protests by Nigerian youths.

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The National Assembly (Senators and Reps) have decided to immediately go on a 7 weeks’ break because of the fear of the forthcoming peaceful protests by Nigerian youths.

It is also alleged that the governors are about handing over to their deputies so that they can go on urgent holiday.

It’s now clear that the politicians are very scared.

Eye 👁️ on the sky

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IMO APC WARNS AGAINST UNAUTHORIZED SCREENING, MOCK PRIMARIES AND EXTORTION OF ASPIRANTS

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ALL PROGRESSIVES CONGRESS, APC
IMO STATE

July 25, 2024

PRESS RELEASE

IMO APC WARNS AGAINST UNAUTHORIZED SCREENING, MOCK PRIMARIES AND EXTORTION OF ASPIRANTS

The attention of the State Working Committee of our great party has been drawn to a disturbing trend where some individuals within the party are attempting to subject our candidates to unauthorized screening, extortion and mock primaries. This actions are not only undemocratic and unhealthy but contrary to the party’s established guidelines and procedures.

We strongly condemn these nocturnal and clandestine activities, which are deliberately designed to undermine the party’s democratic processes. We warn those individuals involved in this unauthorized exercise to desist immediately, as we will not hesitate to take disciplinary action against anyone caught engaging in such activities, regardless of their position or status within the party.

Our party is committed to upholding the principles of democracy, fairness, and transparency in all our activities. We will not allow any individual or group to compromise these values.

We urge all aspirants and stakeholders to disregard any invitation or solicitation to participate in these unauthorized screening, extortion and mock primaries.

Let’s be guided accordingly!

SIGNED:

CAJETAN DUKE, JP
State Publicity Secretary

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