• 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 Breaking News

Court denies Yahaya Bello bail, grants co-defendant N300 million bail in ‘N110.4 billion fraud case’ 

Nnaemeka Onyekachi by Nnaemeka Onyekachi
December 10, 2024
in Breaking News, Crime and Insecurity, Legal & Regulations, Sectors
former Kogi State Governor
Share on FacebookShare on TwitterShare on Linkedin

The Federal Capital Territory High Court has rejected the bail request of the former Governor of Kogi State, Yahaya Bello, in the alleged N110.4 billion fraud case instituted by the Economic and Financial Crimes Commission (EFCC).

Bello’s co-defendant, Shuabu Oricha was also granted N300 million bail by the court as of the time of this report.

Bello and two co-defendants had earlier pleaded not guilty to an alleged fraud case involving N110.4 billion before Justice Maryann E. Anenih.

RelatedStories

Proposed 5% levy on companies for community project might lead to exits – Afrexim Bank

Minister announces revocation of 1,263 mineral licences, defaulters to face EFCC 

September 21, 2025
AfriGO announces a groundbreaking “First” – Upgraded AfriGO settlement process for instant credit to POS Merchants

EFCC blames internet fraudsters for stricter visa restrictions against Nigerians   

September 17, 2025

Nairametrics reports that on October 3, 2024, the court issued a public summons against Bello following his absence during a fresh arraignment on 16-count charges brought against him by the EFCC.

His co-defendants are Shuabu Oricha and Abdulsalami Hudu.

What transpired at previous Court proceedings 

Bello, Shuabu Oricha, and Abdulsalami Hudu were accused of criminal breach of trust and conspiracy to commit an offense involving N110.4 billion.

J.B. Daudu, SAN,  who represented the co-defendants, had earlier urged the court to proceed with the arraignment of their clients amid Bello’s absence.

The matter before the FCT High Court is separate from another EFCC case against the ex-governor at the Federal High Court in Abuja.

On Wednesday, the registrar read out the 16-count charges to the defendants, and they pleaded not guilty.

Counsel for Bello, J. Daudu SAN, applied for bail, stating that his client’s presence in court signaled his obedience to the summons issued to him.

“It is the stated law in the country that a defendant is innocent until proven guilty. It is within his rights to enjoy his liberty while preparing for trial,” Daudu said.

He added that the court should not consider issues from another court in determining matters before the FCT High Court.

In response, EFCC counsel Kemi Piniero SAN objected to the bail application.

He argued that Bello filed the application before his arraignment today, insisting that it contravened the rules of court.

“It is only after arraignment that the bail application can arise and be heard. The application is premature, hasty, and contradicts the meaning of bail,” he argued.

After hearing from both parties, the judge fixed December 10, 2024, for ruling.

However, she ordered that Bello and his co-defendants be remanded at the EFCC facility pending her ruling.

What the judge said

Ruling on the bail applications, the judge said granting of bail has to be decided judicially and judiciously in the interest of justice.

She said the issue is whether the court can exercise its discretion in granting Yahaya Bello bail.

She said the provisions of the Administration of Criminal Justice Act state that a suspect who is arrested and arraigned is entitled to bail.

She observed that as of November 22, 2024, when Bello filed the bail application, he had not yet been arraigned.

Citing a verdict of the Supreme Court, she said a legal action is said to be “premature” when it is filed prior to the institution of facts in court.

“This bail application brought by the first defendant(Yahaya Bello) is hereby struck out, ” the judge said, agreeing with EFCC’s line of submission.

On the bail request of Shuabu Oricha(second defendant), the judge noted that he has been granted administrative bail by the EFCC.

She subsequently granted him N300 million with two sureties in like sum who must own property at Maitama District, Abuja.

She ruled that the second defendant shall deposit all his travel documents with the court and shall not travel out of the country.

She ruled that the second defendant shall remain at the Kuje Correctional Centre pending perfection of the bail conditions

The court stood down for some minutes to rule on the bail request of the third defendant.

Backstory  

Last week, Yahaya Bello was interrogated by operatives of the Economic and Financial Crimes Commission (EFCC) over an alleged fraud case against him during his tenure as governor of Kogi State.

  • A source at the EFCC Headquarters disclosed this to Nairametrics, saying he was detained.
  • Nairametrics reports that the EFCC had applied to the Federal High Court in Abuja to try Bello in absentia after over five proceedings in which the ex-governor was absent due to pending legal disputes raised by his legal team in higher courts.
  • The EFCC later accused the Kogi State government of using its “immunity” to shield Bello.
  • Meanwhile, the parties approached higher courts for redress regarding Bello’s arraignment.
  • A Court of Appeal eventually ordered the ex-Kogi governor to appear at the trial court for arraignment.

Follow us for Breaking News and Market Intelligence.
Tags: Abdulsalami HuduEFCCShuabu OrichaYahaya Bello
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

Proposed 5% levy on companies for community project might lead to exits – Afrexim Bank
Business News

Minister announces revocation of 1,263 mineral licences, defaulters to face EFCC 

September 21, 2025
AfriGO announces a groundbreaking “First” – Upgraded AfriGO settlement process for instant credit to POS Merchants
Business News

EFCC blames internet fraudsters for stricter visa restrictions against Nigerians   

September 17, 2025
FCT High Court, Benjamin Joseph, zinox
Financial Services

Court orders final forfeiture of $7 million found in Bank vault to Federal Government 

September 15, 2025
Mele kyari, NNPCL
Crime and Insecurity

Mele Kyari ‘honors’ EFCC ‘invitation’ over alleged fraud investigation at NNPCL

September 10, 2025
EFCC: Achimugu’s case unrelated to Atiku, Sanwo-Olu, agency says
Business News

EFCC declares Emeka Ufomba wanted over alleged diversion of public funds 

September 10, 2025
EFCC declares Sujimoto boss, Olasijibomi Ogundele wanted for alleged fraud 
Business News

Sujimoto founder Ogundele denies EFCC fraud allegations, cites delays in Enugu projects 

September 5, 2025
Next Post
Dubai tourist visa rejections surge amid stricter new policies 

Dubai tourist visa rejections surge amid stricter new policies 

Leave a Reply Cancel reply

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

otd
arco
Palmpay
access bank
nairametrics
first bank








DUNS

Recent News

  • Dangote Refinery resumes PMS sales in naira
  • Capital Gains Tax will boost investors’ confidence – Taiwo Oyedele  
  • Dangote Refinery rejects PENGASSAN move to halt gas supply

Follow us on social media:

Recent News

Dangote Refinery

Dangote Refinery resumes PMS sales in naira

September 27, 2025
Over N10 trillion spent on refineries yet they don’t work, they’re better off sold – Taiwo Oyedele 

Capital Gains Tax will boost investors’ confidence – Taiwo Oyedele  

September 27, 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