Court grants Yahaya Bello N500m bail

Abdullateef Fowewe

The former Kogi State Governor, Yahaya Bello, on December 13, 2024, apologised to Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, for failing to appear in court for his trial.

This was gathered in a statement the Economic and Financial Crimes Commission made available for Dailyeconomy on Friday.

Bello, through his counsel, J.B. Daudu SAN, expressed regret for any perceived disrespect toward the court.

Daudu said, “My lord, I am apologising on behalf of the defendant for any perceived disrespect toward the court in the past.”

While addressing the court, Daudu clarified that the defendant’s earlier actions were not intended as contempt. “For the record, my lord, I wish to apologise for any impression that the defendant refused to appear before your Lordship. He directed his former counsel to challenge the court’s jurisdiction, which led the matter up to the Supreme Court. This was not an act of disrespect but a procedural move,” Daudu said

Daudu further stressed “The defendant, a two-term governor of Kogi State, holds the court in the highest regard. I assure this honourable court that he will appear for trial on all adjourned dates, barring sickness or death.”

Recall that Bello is facing a 19-count charge bordering on criminal breach of trust and money laundering, contrary to Section 18(a) and punishable under Section 15(3) of the Money Laundering (Prohibition) Act, 2011 as amended.

One of the charges read, “That you, Yahaya Adoza Bello, Ali Bello, Dauda Suleiman, and Abdulsalam Hudu (still at large), sometime in February 2016 in Abuja, within the jurisdiction of this Honourable Court, conspired amongst yourselves to convert the total sum of ₦80,246,470,089.88 (Eighty Billion, Two Hundred and Forty-Six Million, Four Hundred and Seventy Thousand and Eighty-Nine Naira, Eighty-Eight Kobo), which sum you reasonably ought to have known forms part of the proceeds of your unlawful activity to wit: criminal breach of trust, thereby committing an offence contrary to Section 18(a) and punishable under Section 15(3) of the Money Laundering (Prohibition) Act, 2011, as amended.”

Other charges include alleged fraudulent transactions involving billions of naira and foreign currency, carried out between 2016 and 2023 through various companies. Bello pleaded not guilty to all charges.

Daudu thereby sought bail for Bello, applauding the understanding of the prosecution. “I must express profound respect for my learned silk for the prosecution, Dr. Kemi Pinheiro SAN. He shared a soft copy of the counter-affidavit before today’s proceedings, and we agreed to avoid unnecessary arguments. We urge the court to grant bail on reasonable terms and conditions,” he said.

Responding, Pinheiro praised the defence counsel’s professionalism.

“I must acknowledge the integrity of J.B. Daudu SAN. We have worked to streamline the proceedings and reduce the burden on your Lordship. The EFCC is a professional, not a prosecutorial body. However, the decision to grant bail and its conditions are entirely at the court’s discretion,” he said.

He further noted the defendant’s apology, adding, “Let it be on record that the defendant has apologised through his counsel.”

Justice Nwite, while delivering his ruling, emphasised his independence, stating, “Neither party will guide me on what to do. However, given the assurances by J.B. Daudu SAN, I am inclined to grant bail. But for these assurances, my ruling might have been otherwise.”

However, the court granted Bello bail in the sum of N500 million, with two sureties in like sum. The sureties must own properties within the court’s jurisdiction. Bello is also required to deposit his international passport with the Deputy Chief Registrar of the court, submit recent passport photographs, and swear an affidavit of means.

Until the bail conditions are met, Justice Nwite ordered that Bello be remanded at the Nigerian Correctional Centre, Kuje and adjourned the trial to February 24and 28, as well as March 6 and 7, 2025, for continuation.

Recall that the court on Wednesday, December 11, ordered the remand of Bello, in the Kuje Correctional Centre.