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Ex Gov Nyako, son back in court over alleged N40bn fraud

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Ex Gov Nyako, son back in court over alleged N40bn fraud

Former governor of Adamawa State, Murtala Nyako‎ and Senator Abdulaziz Nyako his son, were on Monday re-arraigned by the Economic and Financial Crimes Commission (EFCC) over alleged N40billion fraud.

Also re-arraigned along with them were Zulkifik Abba, Abubakar Aliyu and firms allegedly used to execute the fraud which were joined as the 5th to the 9th defendants, Blue Opal Limited, Sebore Farms & Extension Limited, Pagoda Fortunes Limited, Tower Assets Management Limited and Crust Energy Limited.

They were re-arraigned before a Federal High Court in Abuja on a 37-count charge of money laundering allegedly carried out during the period Nyako was governor of Adamawa State.

Nyako and others were initially arraigned on August 7, 2015 and the case had progressed to trial before the death of Justice Evoh Chukwu in June, a situation that warranted their re-arraignment.

Read also: Obanikoro lands Nigeria, heads for EFCC

The accused on Monday pleaded not guilty before Justice Okon Abang who is now sitting on the case.

Abang allowed the defendants to continue to attend their trial on bail in the same terms and conditions earlier stated by the late Justice Chukwu and fixed November 17 and 21 for fresh trial.

They are being accused by the EFCC of diverting funds from the Adamawa State treasury between January 2011 and December 2014.

By Ebere Ndukwu …

 

 

 

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