The Economic and Financial Crimes Commission on Tuesday arraigned Bauchi State Commissioner for Finance, Yakubu Adamu, over an alleged N5.79 billion money laundering case before a Federal High Court in Abuja.
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The case was brought before Justice Emeka Nwite at the Maitama division, where Adamu appeared alongside a firm, Ayab Agro Products and Freight Company Limited, to answer a six-count charge linked to illegal financial transactions.
The anti-graft agency accused Adamu of working with other individuals between June and December 2023 to move and conceal public funds through bank facilities allegedly released for the supply of motorcycles to the Bauchi State Government, a deal investigators say never happened.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
According to the charges, the funds were issued by Polaris Bank under false claims and later transferred through several accounts, with the commission saying the money was diverted for personal and private use.
Adamu pleaded not guilty to all charges after the counts were read in court, setting the stage for a full trial as prosecutors prepare to present evidence on how the transactions were carried out.
The court adjourned the matter to a later date, while the EFCC said it remains committed to pursuing accountability and recovering public funds tied to alleged financial crimes.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
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