Bauchi Finance Chief Gets N500m Bail in N4.6bn Laundering Case

The Federal High Court in Abuja on Friday granted bail to Bauchi State Commissioner for Finance, Yakubu Adamu, who is facing trial over alleged money laundering involving N4.6 billion.

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Justice Emeka Nwite approved the bail despite objections from the Economic and Financial Crimes Commission, which is prosecuting the case alongside a firm, Ayab Agro Products.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

Adamu was arraigned last week on six counts linked to conspiracy and laundering N4.65 billion. He denied all charges, prompting his lawyer to seek bail on the grounds that he would not evade trial.
The EFCC opposed the request, citing the weight of the allegations and the large sums involved. However, the court ruled that the prosecution failed to show that Adamu would jump bail or disrupt proceedings.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

As part of the conditions, the judge ordered Adamu to produce two sureties with property in Asokoro, Maitama, or Gwarimpa in Abuja and to submit valid land documents and affidavits of means.
The court also seized his international passport and barred him from travelling abroad without approval. He will remain at the Kuje Correctional Centre until the bail terms are met, while trial is set to begin on January 20 if the case stays before the court.