Monday, August 3, 2026
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us
MetroNews NG
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV
No Result
View All Result
MetroNews NG
No Result
View All Result

Alleged N80.2bn Fraud: Court Admits Account of American International School as Exhibit against Yahaya Bello

metronews by metronews
February 25, 2025
in Crime, News
0
Alleged N80.2bn Fraud: Court Admits Account of American International School as Exhibit  against Yahaya Bello

The Economic and Financial Crimes Commission, EFCC on Monday, February 24, 2025, presented its first round of witnesses in the trial of former Kogi State Governor, Yahaya Bello, before Justice Emeka Nwite of the Federal High Court in Abuja.

Also presented was the statement of account and account opening package for American International School, Abuja, Account No. 1000684346, covering September 1, 2020, to September 30, 2020. These were admitted as Exhibits 521-5277, while the statement of account was marked as Exhibits 621-622.

Bello is facing a 19-count charge of criminal breach of trust and money laundering amounting to N80.2 billion. The charges are in violation of Section 18(a) and punishable under Section 15(3) of the Money Laundering (Prohibition) Act, 2011 (as amended).

The EFCC’s first witness, Segun Joseph Adeleke, General Manager of EFAB Properties Limited, testified under examination by the EFCC’s lead counsel, Kemi Pinheiro, SAN.

During questioning, Adeleke confirmed that a property located at House 12, 59 Crescent, Fifth Avenue, Gwarimpa, Abuja, was purchased by one Nuhu Mohammed for N70 million. He explained that the payment was made via bank transfer and that his company issued relevant documents, including proof of payment and allocation letters.

Further inquiries revealed that EFAB Properties received N550 million for another transaction. Adeleke stated that the company followed its standard procedure in processing the transaction, including documents signed by its Chairman.

When asked whether he could identify the origin of the N70 million transfer, Adeleke admitted he did not know its source.

Under cross-examination by defence counsel J.B. Daudu, SAN, Adeleke confirmed that he acted on instructions from his Chairman and had no personal involvement in initiating the transactions.

Regarding a separate property in Ikogosi, he clarified that the land had one Certificate of Occupancy (C of O) and was partitioned into two sections labeled 1A and 3B. He stated that his company did not use house numbers or street names but rather plot numbers for documentation purposes.

Adeleke also testified that Shehu Bello purchased one of the properties but could not recall the dollar equivalent of the N550 million transaction. He stated that legal documents were signed by the company’s Chairman and given to  Bello for his signature, but the signed copies were never returned to EFAB Properties.

When asked whether Bello’s name appeared in any title documents or if he ever saw him during the transactions, Adeleke answered in the negative.

Following Adeleke’s testimony, the EFCC called its second witness, Williams Abimbola, a compliance officer with the United Bank for Africa (UBA), stationed at Area 3, Garki, Abuja.

Abimbola confirmed receiving a subpoena from the EFCC and presented a copy in court. The document was admitted as Exhibit 1 without objection from the defence.

The prosecution also tendered the statement of account and account opening package for Kogi State Government House Account No. 1003889575, covering January 1, 2016, to January 31, 2024. The document was admitted as Exhibits 2P1 to P61.

Additionally, the EFCC presented the statement of account and account opening package for American International School, Abuja, Account No. 1000684346, covering September 1, 2020, to September 30, 2020. These were admitted as Exhibits 521-5277, while the statement of account was marked as Exhibits 621-622.

Following the admission of these exhibits, the court adjourned the trial to March 6 and 7, 2025, for the continuation of proceedings.

Tags: efccyaya bello
Previous Post

Alleged N4bn Fraud: Obiano Used Unlicensed Companies for Fraud-Witness

Next Post

EFCC Arrests 59 Suspected Internet Fraudsters in Abuja

Related Posts

News

Lagos Tops FAAC Allocation as Federation Revenue Hits N18.72tn in H1 2026

August 2, 2026
News

Ibadan Mourns Oloye Lekan Alabi as Traditional Leaders, CCII Pay Emotional Tribute

August 2, 2026
News

Nigeria’s Birth Rate Surpasses EU by 4 Million, Says Elon Musk

August 1, 2026
Next Post
EFCC Arrests 59 Suspected Internet Fraudsters in Abuja

EFCC Arrests 59 Suspected Internet Fraudsters in Abuja

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • #SmartLagos
  • Accident
  • Aviation
  • Award
  • Banking
  • Basketball
  • Beauty
  • Boxing
  • Brands
  • Breaking
  • Business
  • Careers
  • Community development
  • Crime
  • Culture
  • Default
  • Domestic violence
  • Economy
  • Education
  • Empowerment
  • Entertainment
  • Environment
  • Event
  • Fashion
  • Featured
  • Finance
  • Football
  • Gaming
  • Gist
  • Golf
  • Health
  • Inspirational Patience
  • Interview
  • Investigative
  • Law
  • Lifestyle
  • local
  • MetroMan
  • MetroPerson
  • metroplus
  • MetroProfile
  • Movies
  • MUSIC
  • Music
  • New Music
  • News
  • nolly wood
  • Nollywood
  • Novels
  • Odawood
  • Oil&Gas
  • Opinion
  • Parenting
  • Photos
  • Politics
  • Press Release
  • Relationship
  • Religion
  • Scandal
  • Security
  • Sex
  • Society
  • Sports
  • Tech
  • Technology
  • Travel
  • TV
  • Videos
  • Weird
  • Wheels
  • World

BROWSE BY TOPICS

#COVID19Nigeria 2027 elections APC Atiku Abubakar boko haram Bola Tinubu Buhari Bukola Saraki business CBN court COVID-19 crime davido Edo Election Edo State Election efcc Entertainment News Featured Federal Government FG Governance INEC Kayode Fayemi Lagos Lagos State Muhammadu Buhari NCDC NDLEA news Nigeria nigeria news Nigerian politics Nigeria politics NLC Nollywood Obaseki ogun state PDP Peter Obi police politics senate tinubu wike


Recent News

  • Oyedepo Blasts Tinubu Over Insecurity, Economic Hardship, Says ‘The Bubble Is About To Burst’
  • Nigeria Backs 14-Nation Naval Coalition to Safeguard Global Energy and Trade Routes
  • Rodri Exit Could End Manchester City’s Title Dreams, Football Analyst Warns
  • About Us
  • Letter to the Editor
  • Data Usage Policy
  • Contact Us

© Copyright MetroNews NG 2020. All rights reserved.

No Result
View All Result
  • Metro
  • Lagos
    • Opinion
    • Interview
    • Weird
  • World
  • Business
  • Sports
  • Nollywood
  • Odawood
  • Lifestyle
    • Careers
    • Education
    • Health
  • MetronewsNG TV

© Copyright MetroNews NG 2020. All rights reserved.