• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Sectors Legal & Regulations

‘N19.4billion fraud’ : Sirika, brother barred from traveling outside Nigeria without permission, gets N200 million fresh bail

Nnaemeka Onyekachi by Nnaemeka Onyekachi
May 23, 2024
in Legal & Regulations, Sectors
Sen. Hadi Sirika,

Sen. Hadi Sirika

Share on FacebookShare on TwitterShare on Linkedin

A former Minister of Aviation, Hadi Sirika and his brother, Ahmad, have been granted N200 million naira bail in the fresh fraud-related charges instituted against them by the Economic and Financial Crimes Commission (EFCC) before a Federal Capital Territory High Court, Garki Abuja.

The court has also barred them from travelling out of the country except with the court’s permission.

In the EFCC fresh 10-count charge on Thursday, Sirika was accused of conferring unfair advantage on his brother while using him as leverage to divert over  19 billion naira from the Federal Ministry of Aviation.

RelatedStories

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC warns: Nigerian youths in rat race for fraudulent wealth 

May 16, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says

EFCC removes foreign national, Ellie Bitar, from CBEX crypto fraud investigation wanted list  

May 14, 2025

The anti-graft agency also alleged that the former Minister engaged in the “illegal award” of contracts but the duo pleaded not guilty.

Nairametrics previously reported that Sirika, alongside his daughter, Fatima, and son-in-law, Jalal Hamma, were arraigned before Justice Sylvanus Oriji of the FCT High Court over fraudulent practices associated with the Nigeria Air debacle.

Oriji had imposed a N300 million bail bond on them including two sureties in like sum.

Sirika served under former President Muhammadu Buhari as Minister of Aviation.

Bail request

After the charges were read to them, Sirika’s lawyer, Michael Numa (SAN),  urged Justice Sulaiman Belgore to grant his client bail on liberal terms, saying his aged mother who is 90 years needs to be taken care of by the defendant.

He said the court should grant his client bail on the terms already granted him by his brother judge, Oriji,  which included a 100 million bail bond each as well as sureties who must own properties in FCT.

Abubakar’s lawyer, Mahmud Magaji (SAN) equally asked the court to grant his client bail, saying he is a “responsible civil servant”.

EFCC counsel, Oluwaleke Atolagbe, did not object to the requests for bail, saying the anti-graft agency had already granted them administrative bail.

However, he said, “The bail that will be granted should be what will guarantee the availability of the defendants.”

What the judge said

After hearing from the legal team of all the parties, the judge observed that Sirika had never been convicted before while the investigation in the case had already been completed.

He found merit in Sirika’s bail application.

The judge said the bail request is granted in line with the ruling of Justice Oriji’s terms, implying N100 million bail bond among others.

“I see no reason to depart from the terms of bail granted to him by my brother judge,” Belgore said.

The court equally granted his brother bail on the same terms granted by Justice Oriji.

The judge stressed that the duo should not travel outside Nigeria without express permission from the court.

After the ruling, the court subsequently adjourned to May 28 in the afternoon while May 29 will be in the morning.

Backstory

Three months ago, the EFCC had said its operatives arrested Abubakar Ahmad Sirika, the brother of Hadi Sirika, over an alleged contract fraud in the aviation ministry.

Abubakar was picked up by the anti-graft agency on Sunday, February 4, following an investigation in the Ministry of Aviation and Aerospace Development.

During his tenure as minister, Sirika faced allegations including conspiracy, abuse of office, diversion of public funds, contract inflation, criminal breach of trust, and money laundering totaling N8,069,176,864.

The commission had revealed that the funds in dispute related to four aviation contracts awarded by the former minister to a company called Engirios Nigeria Limited, which is owned by his younger brother.

The EFCC Is empowered by law to track financial crimes.

Every accused person remains innocent until found guilty by a competent court.


Follow us for Breaking News and Market Intelligence.
Tags: EFCCHadi Sirika
Nnaemeka Onyekachi

Nnaemeka Onyekachi

My name is Nnaemeka Onyekachi, a writer, public speaker and an award winning journo with over 5,000 reports on a wide range of topics associated with the Nigerian society and the international community. Currently serving as a Senior Editorial Analyst at Nairametrics, my passion lies in delivering insightful financial,corporate, economic news and analysis on foreign relations, governance, judiciary and legislature.

Related Posts

EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says
Business News

EFCC warns: Nigerian youths in rat race for fraudulent wealth 

May 16, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says
Breaking News

EFCC removes foreign national, Ellie Bitar, from CBEX crypto fraud investigation wanted list  

May 14, 2025
EFCC, NOUN, Sunflower Hotel
Legal & Regulations

Alleged N3.1bn fraud: Ex-Governor Gabriel Suswam seeks no-case ruling as EFCC concludes case again 

May 14, 2025
EFCC, NOUN, Sunflower Hotel
Business News

Alleged Corruption: Group cautions EFCC against becoming political witch-hunts tool in Nigeria

May 11, 2025
FCT High Court, Benjamin Joseph, zinox
Financial Services

System Glitch: Court orders final forfeiture of N1.2bn stolen by individuals from Nigerian bank 

May 11, 2025
Crude supply: CORAN urges FG to support local refineries with assets 
Energy

Ex-Warri, Kaduna, PH refinery MDs threaten N50 billion lawsuit   

May 6, 2025
Next Post
Shuaibu Abubakar Audu, Minister for Steel Development,

Ajaokuta Steel to supply 400,000mt of iron rods for road construction across Nigeria — Minister

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • Alleged N5.7 billion fraud: EFCC witness reveals how ex-Bank employee accessed customers’ accounts 
  • FAAC shares N1.681 trillion April 2025 revenue to FG, States, LGs 
  • EFCC arrests ex-Kaduna government contractor for alleged fraudulent deals worth N30 billion

Follow us on social media:

Recent News

EFCC, NOUN, Sunflower Hotel

Alleged N5.7 billion fraud: EFCC witness reveals how ex-Bank employee accessed customers’ accounts 

May 16, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June

FAAC shares N1.681 trillion April 2025 revenue to FG, States, LGs 

May 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics