N110.4bn alleged fraud: Court grants Yahaya Bello N500m bail

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The Federal Capital Territory High Court in Abuja has granted the immediate past Kogi State Governor, Yahaya Bello, bail in the sum of N500 million and three sureties.

The trial judge, Justice MaryAnne Anenih on Thursday made the pronouncement after listening to the fresh bail application brought before the court following the court’s refusal to grant Bello bail at the last sitting.

Bello, alongside two others, Umar Oricha and Abdulsalami Hudu, are facing trial on 16 counts preferred against them by the Economic and Financial Crimes Commission bordering on criminal breach of trust and money laundering to the tune of N110.4 billion.

The court, however, granted the second and third defendants bail in the sum of N300m with two sureties alongside other conditions.

Lapalabras had reported on December 13 that the Federal High Court in Abuja approved bail for Yahaya Bello, who is facing fraud allegations.

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