Court Grants Yahaya Bello Bail of ₦500m in Alleged ₦80.2bn Fraud

Abuja, Nigeria – The Federal High Court in Abuja, on December 13, 2024, granted former Kogi State Governor Yahaya Adoza Bello bail in the sum of ₦500 million following his arraignment on a 19-count charge of alleged fraud and money laundering involving ₦80.2 billion.

Bello, through his counsel, J.B. Daudu SAN, tendered an apology to Justice Emeka Nwite for his previous absence from court proceedings. Daudu clarified that the absence was due to procedural challenges on jurisdiction and not an act of disrespect.

“My lord, I wish to apologise for any impression that the defendant refused to appear before your Lordship,” Daudu said, adding that Bello holds the court in the highest regard and will adhere to future court dates.

The Economic and Financial Crimes Commission (EFCC) charged Bello with conspiring with others to divert over ₦80 billion between 2016 and 2023. The charges, which include fraudulent transactions in both naira and foreign currencies, are in violation of the Money Laundering (Prohibition) Act, 2011.

The defence counsel appealed for leniency in granting bail, commending the prosecution’s cooperation. Prosecution counsel Dr Kemi Pinheiro SAN acknowledged the defendant’s apology and professionalism during proceedings but left bail conditions to the court’s discretion.

Justice Nwite granted bail on stringent conditions, including the submission of Bello’s international passport, two sureties with properties within the court’s jurisdiction, and other documentation. The judge emphasised that the decision was influenced by assurances from the defence counsel.

Bello, who pleaded not guilty to all charges, will remain in custody at the Nigerian Correctional Centre, Kuje, until the bail conditions are met. The court adjourned the trial to February 24 and 28, as well as March 6 and 7, 2025, for continuation.