EFCC Drag Bauchi Finance Commissioner Go Court Over Alleged N5.7bn Money Laundering Wahala

EFCC Drag Bauchi Finance Commissioner Go Court Over Alleged N5.7bn Money Laundering Wahala

EFCC no come play as dem carry Bauchi State Commissioner for Finance, Yakubu Adamu, go Federal High Court for Abuja. Na Tuesday dem land am for court over alleged money laundering matter wey reach N5.79 billion—money wey fit build road, buy motorcycle and still change lives.

Dem arraign Adamu before Justice Emeka Nwite for Maitama, Abuja, alongside one company wey dem call Ayab Agro Products and Freight Company Limited. EFCC say na six-count charge dem bring, all na money laundering gist under Money Laundering Act 2022. As dem read charge finish, oga commissioner just clear throat say, “I no guilty.”

Courtroom dey calm but gist heavy. Prosecution lawyer, Samuel Chime, tell judge say make dem read charge sharp-sharp make defendant take plea. As e be, case don officially start and spotlight don shine well-well.

Motorcycle Contract Wey Turn Audio Money

According to EFCC, one charge talk say while Adamu still dey as Polaris Bank branch manager for Bauchi, e join hand with some people wey still dey “at large” between June and December 2023. Dem say na N4.65 billion Polaris Bank release for motorcycle supply to Bauchi State Government.

But as e be say for Naija, sometimes contract dey disappear like network, EFCC say no single motorcycle show face. Despite that, money waka commot bank enter different places like say na sightseeing tour. Investigators talk say dem disguise the loan like say na legit government-backed supply—meanwhile, nothing land.

Another count still add say Adamu allegedly acquire and move N976 million, fully knowing say the money come from illegal activity. EFCC say the whole thing link back to the diverted motorcycle facility wey never deliver anything—not even tyre.

Bail Battle and EFCC Cell Welcome

After Adamu plead not guilty, EFCC sharply ask court make dem remand am pending when dem go hear bail matter. Defence lawyer, Gordy Uche (SAN), no waste time—him apply for bail immediately. But EFCC no gree; dem oppose am like referee wey no wan hear appeal.

Justice Nwite listen to both sides and say make everybody cool down. Him adjourn matter till January 2 for ruling on bail application. For now, judge order say make Adamu cool off inside EFCC custody.

EFCC still add say investigation show Emmanuel Asomugha General Enterprises collect the N4.65 billion loan from Polaris Bank to supply motorcycles, with alleged government guarantee. But despite claim say supply happen, EFC insist say no motorcycle enter Bauchi, and money later scatter enter different accounts. As case dey go, Nigerians dey watch—because for Gbas Gbos matter, truth no dey hide forever.


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