• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
Wednesday, July 1, 2026
  • Login
No Result
View All Result
NEWSLETTER
Elanza News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Health
  • Opinion
  • Sports
  • More…
    • About
    • Privacy Policy
    • Advertise
No Result
View All Result
Elanza News
Home News

N29 Billion fraud: Nyako, Associates Face Fresh Court Charges

Tambaya Julius by Tambaya Julius
March 21, 2024
in News
0
N29 Billion fraud: Nyako, Associates Face Fresh Court Charges
0
SHARES
16
VIEWS
FacebookTwitterWhatsappEmailTelegram

In a dramatic turn of events, the Economic and Financial Crimes Commission (EFCC) brought forward fresh charges against former Adamawa governor, Murtala Nyako, alongside his son and two others, in a re-arraignment over an alleged N29 billion fraud, heard at the Federal High Court in Abuja.

Former Adamawa governor, Murtala Nyako, along with his son and associates, face re-arraignment over an alleged N29 billion fraud, as the EFCC intensifies its pursuit of justice.

RelatedPosts

Taraba 2027: Friends Turn Foes as Tseaga Sues Useni Over APC Ticket

NRC Announces Three-Week Suspension of Kajola-Apapa Passenger Train Service

Court Sets July 7 for PDP Leadership Suit Against INEC

Fresh Charges Unveiled: The EFCC re-arraigned Murtala Nyako and his associates on 37 counts of money laundering, relating to alleged fraudulent activities amounting to N29 billion, reportedly occurring during Nyako’s tenure as Adamawa governor.

Additional Defendants: Among those re-arraigned alongside Nyako and his son are Zulkifik Abba and Abubakar Aliyu, implicated in the alleged money laundering scheme.

Corporate Involvement: Several firms, including Blue Opal Limited, Sebore Farms & Extension Limited, Pagoda Fortunes Limited, Tower Assets Management Limited, and Crust Energy Limited, allegedly served as conduits for laundering the funds, with each joining the legal proceedings as defendants.

The re-arraignment followed the elevation of the former trial judge, necessitating a fresh start to the legal proceedings, presenting a new challenge in the pursuit of justice.

Maintaining Innocence: Nyako and his co-defendants maintained their plea of not guilty, as they reiterated their commitment to attending trial under the same bail conditions established previously.

ALSO READ:  NAF bombs terrorists’ gun truck, eliminates scores in Kukawa, Borno

Continued Bail: Counsel for Nyako and his associates sought the court’s permission to maintain their existing bail terms, emphasizing their compliance and commitment to the legal process.

The prosecution highlighted previous attempts at exploring a potential settlement or plea bargain, particularly considering Nyako’s age, though the defence clarified that discussions leaned towards an amicable resolution rather than an admission of guilt.

Trial proceedings are set to commence afresh, with the court scheduling dates for April, as the EFCC continues its pursuit of justice in the alleged money laundering case.

The EFCC accuses Nyako, his son, and other defendants of siphoning funds from the Adamawa treasury between 2011 and 2014, allegedly using various companies to divert billions into private accounts, subsequently utilized in constructing private estates in Abuja.

As legal proceedings unfold, the case sheds light on yet another instance of alleged corruption within Nigeria’s political landscape, underscoring the ongoing efforts to combat financial malfeasance and uphold transparency and accountability in governance.

Tags: Alleged fraudMoney launderingRe-arraignment
Previous Post

Government Effort To End University Staff Strike Ends In Deadlock

Next Post

Sheik Gumi Disputes FG Over Terrorism Financiers List

Tambaya Julius

Tambaya Julius

Julius is a journalist, a BSc Holder in Mass Communication.

Related Posts

Taraba 2027: Friends Turn Foes as Tseaga Sues Useni Over APC Ticket

Taraba 2027: Friends Turn Foes as Tseaga Sues Useni Over APC Ticket

by Nathaniel Irobi
July 1, 2026
0

The political battle for the Takum/Donga/Ussa/Yangtu Federal Constituency has shifted to the courtroom, as Hon. Audu Israel Tseaga formally challenges...

NRC Announces Three-Week Suspension of Kajola-Apapa Passenger Train Service

NRC Announces Three-Week Suspension of Kajola-Apapa Passenger Train Service

by Nathaniel Irobi
July 1, 2026
0

The Nigerian Railway Corporation (NRC) has confirmed a temporary three-week suspension of its Kajola-Apapa passenger train service to facilitate essential...

Court Sets July 7 for PDP Leadership Suit Against INEC

Court Sets July 7 for PDP Leadership Suit Against INEC

by Nathaniel Irobi
July 1, 2026
0

The Federal High Court in Abuja has fixed July 7 for the definite hearing of a suit filed by the...

Next Post
Sheik  Gumi Disputes FG Over Terrorism Financiers  List

Sheik Gumi Disputes FG Over Terrorism Financiers List

Captain Saleh Usman Burial Bickering: Christie Yori Drags Sabon Sarki Traditional Council to Court

Captain Saleh Usman Burial Bickering: Christie Yori Drags Sabon Sarki Traditional Council to Court

Recommended

EFCC Set to Arraign Bodejo Over $2.53m Terror Funding Allegations

EFCC Set to Arraign Bodejo Over $2.53m Terror Funding Allegations

6 days ago
Just 20% of POS Operators Registered, CAC Reveals

Just 20% of POS Operators Registered, CAC Reveals

5 days ago

Popular News

  • Residents flee as flood ravages 10 communities in Kebbi – NEMA

    Residents flee as flood ravages 10 communities in Kebbi – NEMA

    0 shares
    Share 0 Tweet 0
  • Nigerian Govt laments gaps in polio eradication despite $500m spent

    0 shares
    Share 0 Tweet 0
  • Drama In FCT Polls As APC, PDP Candidates Step Down For Each Other

    0 shares
    Share 0 Tweet 0
  • Boost Military Morale Through Positive Coverage, Media Told

    0 shares
    Share 0 Tweet 0
  • Nasarawa Governor’s Aide Empowers 250 Women In Karu

    0 shares
    Share 0 Tweet 0

Connect with us

Facebook Instagram Twitter Youtube
Elanza logo

Elanza News is your NO 1 online platform for all news update.
#SayNoToFakeNews
Contact Us

Category

  • Arts & Literature (26)
  • Business (836)
  • Education (278)
  • Entertainment (437)
  • Health (258)
  • National (3,366)
  • News (10,715)
  • Opinion (457)
  • Politics (2,245)
  • Science (15)
  • Security (421)
  • Sports (748)

Newsletter

© 2023 Elanza News - The No 1 online news platform

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
  • Science
  • National
  • Entertainment
  • Sports
  • Health

© 2023 Elanza News - The No 1 online news platform