Korede Abdullah in Lagos
The Economic and Financial Crimes Commission (EFCC) has officially begun its case against former Kogi State Governor, Yahaya Bello, over an alleged N80.2 billion money laundering scheme.
The trial, which is being closely watched, marks a significant step in the commission’s efforts to prosecute financial crimes involving public officials.
During the proceedings, the EFCC presented its first witness, Segun Adeleke, who serves as the General Manager of Efab Properties Limited.
This follows an earlier court ruling that granted Bello bail set at N500 million, with two sureties required to provide the same amount as a guarantee. The former governor continues to maintain his innocence.
Testifying before the court, Adeleke disclosed that a property situated at No. 1 Ikogosi Street, Maitama, Abuja, was purchased for N550 million.
The transaction was carried out in US dollar equivalents and was made in the name of Shehu Bello, further fueling scrutiny over the financial dealings linked to the former governor.
