₦80.2bn Fraud: Court Grants Yahaya Bello ₦500m Bail

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The Federal High Court in Abuja, on Friday, granted bail to the immediate past governor of Kogi State, Yahaya Bello, in the sum of ₦500 million, with two sureties.

Punch Newspaper reports that Justice Emeka Nwite, the trial judge, stated that bail is granted at the court’s discretion while delivering the ruling.

He was quoted to have said, “I have listened to the application from both counsels. First off, bail is at the discretion of the court, whether the bail is opposed or supported. Ordinarily, based on the antecedents of this case, particularly the conduct exhibited by the defendant, I would have reconsidered the application made by the learned senior counsel for the defendant. However, based on the detour exhibited by the learned senior counsel for the defendant, J.B. Daudu (SAN), which was reciprocated by the learned senior counsel for the prosecution, Kemi Pinheiro (SAN), I am inclined to depart from our earlier position on this matter.

“In view of the foregoing, I am prepared to grant the application made by both counsel. I hereby grant bail to the defendant in the following terms: One—bail is granted to the defendant in the sum of ₦500 million, with two sureties in the like sum. The two sureties shall own landed property within the jurisdiction of this court, Abuja.

“The two sureties shall swear to an affidavit of means, and the documents of the property shall be verified by the chief deputy registrar of this honourable court. The defendant shall deposit his international passport with the chief registrar of this honourable court. The defendant and the sureties shall each deposit two recent passport photographs with the deputy chief registrar of this honourable court. The defendant shall be released upon the perfection of the bail terms. The case is adjourned to February 24, 28, and March 6 and 7, 2025, for trial.”

Bello faces a 19-count charge brought against him by the Economic and Financial Crimes Commission (EFCC), relating to money laundering, breach of trust, and misappropriation of public funds totalling ₦80.2 billion.

Upon the resumed hearing, the EFCC counsel, Pinheiro, informed the court of the prosecution’s intention to withdraw a previous application for an abridgement of the arraignment date. He stated that the application had been overtaken by events. The defendant’s counsel, led by Daudu, did not object, and Justice Nwite accordingly granted the request, striking the application out.