N1.46BN Fraud: EFCC Arraigns Ex-Niger State Governor, Babangida Aliyu


The Economic and Financial Crimes Commission (EFCC), on Tuesday, arraigned the former governor of Niger State, Babangida Aliyu, in a Federal High Court sitting in Abuja, on an eight count charge bordering on money laundering.
The former governor was arraigned alongside his former Chief of Staff, Umar Nasko, while both were admitted to bail in the sum of N200 million each, with two sureties each in like sum.
The judge, Justice Nnamdi Dimgba, ordered that the two sureties could be business men or public servants; and where in the public service, must not be below a director.
The sureties must also own landed property in Abuja excluding the satellite towns.
Aliyu and Nasko are to also deposit their international passports with the court and must not travel without the permission of the court.
The judge, however, ruled that where the defendants could not perfect their bail conditions within 48 hours, they would be remanded in Kuje Prison until bail was perfected.
He adjourned the matter until July 6 and 7 to hear the preliminary objection and for trial.
The two defendants were accused of conspiring to launder ecological funds amounting to over N1 billion, released by the Federal Government to Niger  State government in 2014.

No comments

Please drop your comments below:

Copyright 2017-NaijaPeople.com. Powered by Blogger.