Alleged N110bn fraud: Court grants Yahaya Bello N500m bail

A Federal Capital Territory (FCT) high court in Maitama has granted bail to Yahaya Bello, former Kogi state governor, in the sum of N500 million.

Bello has been charged with alleged criminal breach of trust to the tune of N110,446,470,089, contrary to sections 96 and 311 of the Penal Code Law Cap.89, Laws of Northern Nigeria, 1963, and punishable under section 312 of the same law.

Ruling on Bello’s bail application on Thursday, Maryann Anenih, the trial judge, held that the defendant must produce three sureties in like sum who must be responsible citizens of Nigeria.

The sureties must have landed properties within Guzape Wuse 2, Apo, Asokoro and Jabi areas in the FCT.

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They are to submit two passport photographs each and other means of identification like National Identification Number (NIN).

The bail ruling comes barely a week after the ex-governor was granted bail in the sum of N500 million by the federal high court in Abuja, on a 19-count charge bordering on alleged money laundering to the tune of N80 billion.

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