Court resumes trial of Kogi Gov’s nephew, Wife, for alleged N3bn money laundering

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2 years ago

The money laundering trial of two family members of the Kogi State Governor, Yahaya Bello, his nephew, Ali Bello and his wife, Rashida Bello (at large), resumes before Justice Obiora Egwuatu of the Federal High Court, Abuja.

Ali Bello was among the four defendants remanded upon arraignment on February 8, 2023, on an 18-count charge bordering on criminal misappropriation and money laundering to the tune of N3,081,804,654.00.

The other defendants are Abba Adauda, Yakubu Siyaka Adabenege and Iyada Sadat.

According to the Economic and Financial Crimes Commission (EFCC), Count one of the charges reads “That you, Ali Bello, Abba Adaudu, Yakubu Siyaka Adabenege , Iyada Sadat, Rashida Bello (at large) sometime in June, 2020 in Abuja within the jurisdiction of this Honourable Court procured E- Traders International Limited to retain the aggregate sum of N3,081,804,654.00, which sum you reasonably ought to have known forms part of proceeds of unlawful activity to wit: criminal misappropriation, and you thereby committed an offence contrary to sections 18(a), 15(20)(d) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 15 (3) of the same Act”.

Count 3 reads, “That you, Ali Bello, Abba Adaudu, Rashida Bello (at large) sometime in November, 2021 in Abuja within the jurisdiction of this Honorable Court procured E-Traders International Limited to transfer the aggregate sum of $570,330 to account number no; 426-6644272 domiciled in TD Bank, United States of America, which sum you reasonably ought to have known forms part of proceeds of unlawful activity to with: criminal misappropriation, and you thereby committed an offence contrary to section 15(2)(d) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 15 (3) of the same Act”.

Count 17 reads, “That you, Ali Bello, Abba Adaudu, Rashida Bello (at large) between 26th July, 2021-6th April, 2022 in Abuja within the jurisdiction of this Honourable Court procured E-Traders International Limited to remove from the jurisdiction of the Honourable Court to account no. 426-664-4272 domiciled in TD Bank, United States of America, the aggregate sum of $570,330 which sum you reasonably ought to have known forms part of the proceeds of unlawful activity to wit; criminal misappropriation, and you thereby committed an offence contrary to section 15(2) ( c ) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 15 ( 3 )of the same Act.”

Count 18 reads, “That you, Ali Bello, Abba Adaudu, Rashida Bello (at large) between 26th July 2021 -6th April, 2022 in Abuja within the jurisdiction of this Honourable Court procured E-Traders International Limited to remove from the jurisdiction of the Honourable Court to account no. 426-664-4272 domiciled in TD Bank, United States of America, the aggregate sum of $845,852.84 which sum you reasonably ought to have known forms part of the proceeds of unlawful activity to wit; criminal misappropriation, and you thereby committed an offence contrary to section 15(2)(c ) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 15 ( 3 ) of the same Act.”

Following the not-guilty plea by the defendants to the charges preferred against them, the prosecuting counsel, Rotimi Oyedepo (SAN) urged the court to give a trial date to enable the prosecution to prove its case against them.

However, defence counsel, Ahmed Raji (SAN), prayed the court to grant his client bail pending the hearing and determination of the case.

The trial Judge, Justice Egwuatu remanded the defendants and adjourned the case till February 13, 2023, for hearing and determination of their bail applications.

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