The Federal High Court in Abuja has ordered the Economic and Financial Crimes Commission (EFCC) to produce the Bauchi State Commissioner of Finance, Yakubu Adamu, in court on December 30, 2025, for arraignment over alleged N4.6 billion money laundering.
The presiding judge, Justice Emeka Nwite, gave the order after EFCC’s lawyer, Samuel Chime, failed to produce Adamu in court to take his plea on Wednesday, December 24.
Justice Nwite threatened to sanction the prosecuting lawyer if he failed to come with the commissioner on the next adjourned date.
The judge thereafter adjourned the matter until December 30.
EFCC traces varsity, hotels, factories, properties worth N212bn to Malami
The EFCC had said Adamu, while acting as the Branch Manager of Polaris Bank Limited in Bauchi, alongside the Managing Director of Makayye Investment Resources Limited, Ishaku Mohammed Aliyu (now at large), and Muntaka Mohammed Duguri (now at large), allegedly conspired to commit the offence between June 2023 to December 2023.
The defendants were alleged to have facilitated and agreed to the conversion, transfer, concealment and use of funds in the sum of about N4,650,000,000 availed by Polaris Bank under the guise of financing the supply of motorcycles to Bauchi State Government through Emmanuel Asomugha General Enterprises.
“The motorcycles were not supplied, and you thereby committed an offence contrary to Section 21(a) and punishable under Section 21 of the Money Laundering (Prevention and Prohibition) Act, 2022,” the EFCC stated.
The offence, according to the anti-graft agency, is contrary to Section 20(a) and punishable under Section 20 of the Money Laundering (Prevention and Prohibition) Act, 2022.
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