Economy
Alleged N23.3bn misappropriation: EFCC re-arraigns, ex finance minister, 4 others
The Economic and Financial Crimes Commission (EFCC) on Monday rearraign, former finance minister, Bashir Yaguda and four others in an FCT high court, Maitama for alleged misappropriation of N23.3 billion. Others arraigned are retired Col. Sambo Dasuki, former governor of Sokoto State, Attahiru Bafarawa and his son, Sagir, and their company, Dalhatu Investment Limited . They were arraigned on 25 counts bordering on misappropriation and receiving fraudulent proceeds.
The News Agency of Nigeria (NAN) reports that the defendants were first arraigned, 2015 before Justice Peter Affen now justice of court of Appeal. They were later re-arraigned before Justice Husseini Baba Yusuf now the FCT chief judge then, before Justice Yusuf Halilu. The EFCC accused them of diverting money from the office of the national security adviser between 2013 and 2015 to finance electioneering campaign. The defendants all pleaded not guilty when the charges were read to them. The defendants are to enjoy the bail condition given to them earlier.

Halilu adjourned until June 30 for trial and June 7 to hear application filed by Dauski ‘s counsel. Earlier, Lateef Fagbemi, SAN, counsel for Bafarawa had urged the court to allow the defendants to enjoy the bail condition given to them earlier. He said on Dec 21, 2015, justice Affen granted them bail and Baba-Yusuf in Oct 7, 2016 asked them to continue on the same condition. Counsel for the prosecution, Mr Oluwaleke Atolagbe , he would not object so long as the defendants are available in court for their trial.
Raji Ahmed, SAN, counsel for Dasuki reminded the court for his application for his client to be allowed to travel abroad for medical attention.
-
Economy1 day agoNigeria’s Digital Boom needs nuclear power partnerships for long-term success
-
News1 day agoCardoso formally receives Central Bank of the Year Award
-
Uncategorized1 day ago
June 12 Democracy Day declaration not enough, as citizens wallow in pain – ActionAid, FG declares Friday public holiday
-
Finance8 hours agoElon Musk becomes world’s first trillionaire as SpaceX shares soar on stock market debut
-
Stock Market8 hours agoFG to raise N4trn bond to settle electricity debt
-
Oil and Gas1 day agoNNPC is house of thieves, fraud; Kyari must be arrested dead or alive to account for N210 trillion—Oshiomhole
-
Oil and Gas1 day agoDangote Refinery seeks $1bn private placement ahead of planned listing
-
News1 day agoMiddle East Conflict sends global growth to lowest rate since COVID-19, WBG to Provide up to $100bn for Affected countries over 15 Months—WBG
