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How Yahaya Bello Moved $720,000 From State Coffers To Pay Child’s School Fees — EFCC

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Fresh revelations have emerged on the probe of former Governor of Kogi State, Yahaya Bello by the Economic and Financial Crimes Commission (EFCC) as the anti-graft commission says the embattled ex-governor withdrew $720,000 from the state’s accounts to pay his child’s school fees in advance just before he left office on January 27, 2024.

EFCC chief Ola Olukoyede made this known in a chat with journalists at the Commission’s headquarters in the Jabi area of Abuja on Tuesday.

Olukoyede alleged that Bello moved the money from the state coffers to a Bureau de Change operator, and used the money for his child’s school fee in advance.

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He said, “A sitting governor, because he knew he was leaving office, moved money directly from the government to Bureau de Change (and) used it to pay his child’s school fee in advance.

“Over $720,000 or thereabout, in anticipation that he was going to leave the Government House. In a poor state like Kogi? And you want me to close my eyes under the guise of ‘I’m being used’. Used by who? At this stage of my life? Used by who?

“I didn’t initiate the case; I inherit the case, I called for the case file and I said there are issues here.”

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READ ALSO: BREAKING: EFCC Chair Vows To Follow Yahaya Bello’s Prosecution To Conclusion

The EFCC chair sworn to follow the prosecution of the ex-governor to logical conclusion, saying that he will resign as EFCC chairman if Bello is not prosecuted.

He also vowed that all those who obstructed the arrest of the former governor would be brought to book.

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The EFCC is seeking to arraign Bello on 19 counts bordering on alleged money laundering, breach of trust and misappropriation of funds to the tune of N80.2 billion.

He said that no matter what anyone does or the amount of attack against the anti-graft agency, he and his men will not relent in helping to sanitise the country.

Bello was the governor of the North Central state from January 27, 2016 to January 27, 2024 when he handed over to his fellow partyman in the All Progressives Congress (APC), Usman Ododo.

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READ ALSO: JUST IN: Court Orders EFCC To Serve Yahaya Bello N80bn Fraud Charges Through His Lawyer

On April 17, 2024, armed EFCC operatives laid siege to Bello’s Abuja residence to arrest him but Ododo arrived at the house and allegedly whisked away his predecessor.

The EFCC subsequently declared Bello wanted, warning that obstruction to its operations won’t be tolerated, a moved backed by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, who advised Bello to turn himself in.

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Legal Fireworks

Meanwhile, the EFCC has served a copy of the charge sheet of alleged fraud to the tune of N80bn against the immediate past governor on his lawyer, Abdulwahab Mohamed.

This followed a Tuesday order by Justice Emeka Nwite of the Federal High Court in Abuja after Bello’s absence in court.

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He was absent from court for his arraignment on a 19-count charge of alleged money laundering to the tune of ₦80bn.

The judge relied on section 384 (4 and 5) of the Administrative and Criminal Justice Act 2015, directing the counsel to the immediate past governor to receive a copy of the charge.

READ ALSO: Why Yahaya Bello Was Absent In Court — Lawyer

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The court held that where it had become impossible to effect personal service of a legal process on a defendant, such could be done through substituted means.

Justice Nwite further held that it was clear that the former governor failed to appear in court for his arraignment.

Although Bello’s lawyer, Mohammed, initially declined to accept the charges and proof of evidence, he was compelled to do so by Justice Nwite.

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The judge rejected the plea by the senior lawyer that a junior lawyer in his team, AI Musa, be the one to accept the charges on behalf of the former governor.

A member of the legal team for Bello, Adedayo Adedipe, told the court that his client would have made himself available, but was afraid of lack of fair hearing and justice.

He added that Bello was ready to appear before the court to answer the 19-count charge preferred against him by the EFCC.

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Adedipe urged the court, to set aside the ex-parte order of arrest it had earlier issued against the former governor, saying that at the time the order of arrest was made, the charge had not been served on his client.

Illegal Organisation?

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Bello had argued that the EFCC was an illegal organisation. According to him, the Federal Government did not consult the 36 states of the federation before enacting the EFCC Act through the National Assembly. He added that section 12 of the 1999 Constitution as amended, required the various Houses of Assembly to ratify the act before it could become operative.

Counsel to the EFCC, Kemi Phinheiro, however, urged the court to dismiss the application, insisting that the warrant of arrest should not be set aside until the defendant makes himself available for trial.

He argued that Bello did not have the legal ground to file numerous applications while in hiding.

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Justice Nwite had last week issued a bench warrant against Bello following an application to that effect by EFCC.

The EFCC subsequently declared the former governor wanted for his persistent absence in court and for evading the criminal charges against him.

Source: Channels TV

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

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Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

READ ALSO:Film Premiere: Edo In Talks With Embassies To Promote Safe Migration —Agazuma

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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

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He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

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The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

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READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

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“This contradiction will no longer be tolerated,” the statement said.

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N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

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First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

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Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

READ ALSO:I’ve Been Blacklisted In Music Industry For 13 Years – Seun Kuti

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

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Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

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Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

READ ALSO:My Beef With Wizkid Is For Life – Seun Kuti

By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

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Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.

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