HomeBreaking NewsAlleged N30bn Fraud:  Kaduna Court Denies Suspect Bail Over Multiple Prosecutions

Alleged N30bn Fraud:  Kaduna Court Denies Suspect Bail Over Multiple Prosecutions

-

 Justice R.M.Aikawa of the Federal High Court, sitting in Kaduna on Tuesday, November 25, 2025, refused to admit Bashir Ibrahim Bello to bail for facing three different prosecutions simultaneously.

Bello is facing trial on different financial crimes and charges, and with over 400 petitions pending against him in the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC.

Specifically, he is being tried for alleged N30 billion fraud involving obtaining under false pretences, money laundering, and retention of proceeds of crime.

Bello, Managing Director of Formal Act Legacy Limited, was first arraigned by the Kaduna Zonal Directorate of the EFCC, on October 29, 202,5 on a seven-count charge with suit No: FHC/KD/316C/2025. He was arraigned again on November 3, 2025, on an eight-count charge in a different case with suit No. FHC/KD/285C/2025, and on November 6, 2025, he was arraigned on a five-count charge in another matter with suit No. FHC/KD/246CC/2025.

When the bail application in one of the cases against him came up for hearing on November 25, prosecution counsel F.A.I Asemebo opposed the motion on the ground that the possibility of the defendant jumping bail on account of the multiple prosecution he is facing was high, noting that there are still over 400 petitions pending in the Commission against him.

Justice Aikawa denied the defendant bail, citing concerns over the seriousness of the charges against him and the multiplicity of the prosecutions he is facing.

Bello was arrested on April 28, 2025 following over 400 petitions from aggrieved people, who alleged obtaining money by false presence against him.

SUPPORT US

At Priceless Media Publishing Nig. Ltd /Securitynewsalert.com, we are steadfast in our commitment to independent journalism: reporting that is fearless, impartial, and free from the interference of powerful personalities, politicians and government interests.

Without corporate sponsorships or political affiliations, our ability to investigate freely rests in the hands of the people we serve—you!

Every donation helps us expose the truth, amplify silenced voices, and hold power accountable.
Stand with us because journalism should serve the people, not power.

• Account Name: PRICELESS MEDIA PUBLISHING NIG. LTD
• Account Number: 1943445259
• Bank Name: ACCESS Bank

LATEST POSTS

Veteran Journalist, Police Auctioneers Applaud IGP Disu, Congratulate Retired DIG Fayoade

 A veteran crime journalist, Folorunsho Atta, and police auctioneers have commended the Inspector-General of Police (IGP), Mr Tunji Rilwan Disu, for his empathy towards their...

#EFCC Re-Arraigns Two for Alleged N78.3m Stealing in Lagos

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) on Wednesday, October 29, 2026, re-arraigned Blessing Onyinaya Chimaobi and Uzofor Benson...

Alleged N15.5m Fraud: Witness Narrates N10m payments to Ex-CCT Chairman’s wife, Children

  A prosecution witness, Oluwatayo Solomon Fashogbon, in the trial of the former Chairman of the Code of Conduct Tribunal, Danladi Yakubu Umar, on Thursday, October...

#EFCC Hands Over N1.05bn  Recovered Funds to 659 Disengaged Adamawa State Teachers

The Gombe Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has handed over a bank draft valued at ₦1,054,919,532.61 One Billion, FFifty-FourMillion, Nine...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe
spot_img

Most Popular

spot_img