Crimes

Alleged N23.3bn fraud: EFCC re-arraigns ex-finance minister, 4 others

The Economic and Financial Crime Commission (EFCC), on Monday re-arraigned former Minister of Finance, Bashir Yaguda, and four others before the High Court sitting in Maitama, Abuja, for alleged misappropriation of N23.3 billion.

Others arraigned by the EFCC include former National Security Adviser, Retd. Col. Sambo Dasuki, ex-governor of Sokoto State, Attahiru Bafarawa and his son, Sagir, and their company Dalhatu Investment Limited .

The defendants were arraigned on 25 counts bordering on misappropriation and receiving fraudulent proceeds.

They were first arraigned in 2015 before Justice Peter Affen, who is now the Justice of Court of Appeal.

The defendants were later re-arraigned before Justice Husseini Baba Yusuf, now the FCT Chief Judge then, before Justice Yusuf Halilu.

The EFCC accused them of diverting money from the office of the National Security Adviser between 2013 and 2015 to finance electioneering campaign.

The defendants, however, pleaded not guilty when the charges were read to them.

The defendants are to enjoy the bail condition given to them earlier.

READ ALSO: Buhari’s supporters mock Ayu for returning N405m loot

Ruling, the presiding judge, Justice Halilu, adjourned until June 30 for trial and June 7 to hear the application filed by Dauski ‘s counsel.

Earlier, the counsel for Bafarawa, Lateef Fagbemi, SAN, urged the court to allow the defendants to enjoy the bail condition given to them earlier.

He said on December 21, 2015, Justice Affen granted them bail, adding that Justice Baba Yusuf on October 7, 2016, asked them to continue on the same condition.

The prosecution counsel, Mr Oluwaleke Atolagbe, said he would not object so long as the defendants were available in court for their trial.

Raji Ahmed, SAN, counsel for Dasuki, however, reminded the court of his client’s application to be allowed to travel abroad for medical attention.

The Star

Segun Ojo

Recent Posts

Oil prices extend decline as Saudi supply fears ease

Oil prices fell for a third consecutive session on Friday, September 18, 2026, as concerns…

11 minutes ago

Burna Boy to headline halftime show at NFL Paris game

Nigerian singer Damini Ogulu, popularly known as Burna Boy, will headline the halftime show at…

1 hour ago

Oyo attack: How Ansaru terrorists dehumanised, tortured us in captivity — Kidnapped victim

A witness for the Department of State Services (DSS) on Thursday told the Federal High…

1 hour ago

Stock market investors gain N1.18trn amid buying interest

The Nigerian stock market extended its positive run on Thursday, September 17, 2026, with investors’…

2 hours ago

FG rules out immediate electricity tariff hike, prioritises metering

The Federal Government has ruled out any immediate increase in electricity tariffs, saying its priority…

2 hours ago

Nigeria’s $400bn net-zero ambition faces financing hurdle

Nigeria’s ambition to achieve net-zero emissions by 2060 is confronting a challenge that could determine…

2 hours ago

This website uses cookies.