HomeBreaking NewsKogi: How Ex-Governor’s Nephew Allegedly Funnelled Billions Through Currency Traders

Kogi: How Ex-Governor’s Nephew Allegedly Funnelled Billions Through Currency Traders

-

 The ongoing trial of Ali Bello, nephew to former Kogi State Governor Yahaya Bello, took a revealing turn on Tuesday as a key witness detailed the intricate web of cash transfers allegedly used to move state funds to private associates.

Testifying before Justice James Omotosho at the Federal High Court, Ahmed Audu Abubakar, the seventeenth prosecution witness, described how Bello reportedly utilised Bureau-de-Change (BDC) operators as conduits for massive monetary outflows. Under questioning by lead prosecutor Rotimi Oyedepo, SAN, Abubakar claimed that Bello’s own extra-judicial statements confirm a pattern of fund movement directed by the defendant toward a circle of “cronies.”

The witness provided the court with a breakdown of specific transactions, asserting that the money was spent on behalf of both Ali Bello and the former governor. Among the listed beneficiaries was “Mother Care Welfare,” an NGO linked to the former governor’s wife, alongside multi-million naira payments for luxury vehicles and properties. Abubakar specifically highlighted a $N100$ million payment made to a third party named Dantata, an $N80$ million property transaction, and various disbursements to individuals residing in the Wuse district of Abuja.

Bello, who currently serves as Chief of Staff to Governor Usman Ododo, is facing an amended 16-count charge alongside co-defendant Dauda Sulaiman. The Economic and Financial Crimes Commission (EFCC) alleges the pair were involved in the misappropriation and laundering of $N10,270,556,800$.

Following a cross-examination by defence counsel Ahmed Raji, SAN, Justice Omotosho adjourned the proceedings until May 6, 2026. The trial is expected to continue with further scrutiny of the financial records and the defendant’s prior statements to investigators.

#Securitynewsalert.com

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

Nigeria Police to Launch Vigilant App, MTN CUG Network on September 1

The Inspector-General of Police, IGP Olatunji Disu, will officially launch the Nigeria Police Force (NPF) Vigilant App alongside the MTN Closed User Group (CUG) Network...

Over 150 Terrorists Lay Down Arms as Military Pressure Intensifies in Northeast

 Operation HADIN KAI (OPHK), the military joint task force operating in Nigeria's North East, has recorded a dramatic surge in terrorist surrenders, with over 150...

NRC Report Attributes Tragic Warri–Itakpe Train Derailment to Wheel Defect, Braking Factors

The Nigerian Railway Corporation (NRC) has released its preliminary findings into the fatal June 8 derailment of the Warri–Itakpe Train Service, identifying potential mechanical failures...

NSCDC Lagos Partners Pension Commission to Train Officers on Financial Intelligence, Retirement Planning

 The Nigeria Security and Civil Defence Corps (NSCDC), Lagos State Command, in collaboration with the National Pension Commission (PenCom), Lagos Zonal Office, held a lecture...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe
spot_img

Most Popular

spot_img