Justice E. Chukwu of the Federal High Court sitting in Abuja has admitted former governor of Adamawa State, Murtala Nyako, his son, Senator Abdul-Aziz Nyako, Abubakar Aliyu and Zulkifikk Abba to bail in the sum of N350 million each.
Nyako was arraigned together with his co-accused on July 8, 2015 by the Economic and Financial Crimes Commission, EFCC, on a 37-count charge bordering on criminal conspiracy, stealing, abuse of office and money laundering to the tune of N29 billion.
The accused persons are alleged to have, at various times between 2011 and 2013, used five companies – Blue Opal Nigeria limited, Serore Farms & Extension Limited, Pagoda Fortunes Limited, Towers Assets Management Limited and Crust Energy Limited to commit the fraud.
One of the counts reads in part: “That you Murtala H. Nyako, Abdulaziz Nyako, Zulkfikik Abba, Abubakar Aliyu, Blue Opal Limited, Sebore Farms & Extension Limited, Pagoda Fortunes Limited, Tower Assets Management Limited and Crust Energy Limited between January and December 2013 within the jurisdiction of this Honourable Court did disguise the genuine origin of an aggregate sum of N6.36 billion, which sums you reasonably ought to have known to be proceeds of an unlawful act, to wit; moneys derived from the theft of Adamawa State Government’s funds.”
Another count reads: “That you Murtala H. Nyako, Abdulaziz Nyako, Abubakar Aliyu, Blue Opal Limited, Pagoda Fortunes Limited and Tower Assets Management Limited on or about 4th October, 2011 within the jurisdiction of this Honourable Court did convert the sum of N20 million to develop Hill View Estate, Mpape, Abuja, which sum was derived from the theft of the funds of Adamawa State Government routed through Amdak Investment Limited, Tower Assets Management Limited and Blue Opal Limited accounts.”
Moving the bail application, Nyako’s counsel, Kanu Agabi, SAN, a former Attorney General of the Federation, AGF, …Read More
Source:: New Mail
