Skip to content
September 7, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Breaking News
  • Alleged N1.940bn fraud: Ex-gov. Aliyu, Nasko re-arraigned
  • Breaking News

Alleged N1.940bn fraud: Ex-gov. Aliyu, Nasko re-arraigned

Admin June 13, 2019

The Economic and Financial Crimes Commission (EFCC), on Thursday re-arraigned Babangida Aliyu, a former Niger State Governor in a Federal High Court in Minna for alleged laundering of ecological funds of over N1.9 billion.

The EFCC also re-arraigned Umar Nasko, a former Commissioner of Environment on eight counts of criminal conspiracy and money laundering.

The offence, the anti-graft agency said, contravened the provisions of Section 18(a) of the money laundering Act, 2011 as amended and punishable under section 15(3) of same Act.

The two are accused of laundering ecological funds of over N1.940bn released by the Federal Government to the state in 2014.

The duo were re-arraigned after their case was re-assigned to Justice Aminu Aliyu following the transfer of the former judge, Justice Yellim Bogoro, who was presiding over the matter.

When the charge was read to the defendants, they both pleaded not guilty.

Counsel to the first defendant, Olajide Ayodele, SAN, said he had filed an application for bail and prayed the court to grant same.

Counsel to the second defendant, Daniel Omako also prayed the court to exercise it’s discretion by granting his client bail.

The prosecution counsel, Boniface Bassey, noted that he would leave the issue of bail to the discretion of the court.

In his ruling, Justice Aliyu, restored the bail previously granted by Justice Bogoro.

Aliyu adjourned the matter until July 4 for hearing.

The former governor was admitted to bail in the sum of N150 million.

The judge also ordered the former governor to present two sureties with landed property worth N200 million each in Minna, the state capital.

Nasko, on the other hand, was granted N100 million bail with two sureties with landed property worth N150 million each in Minna. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Babangida Aliyu Boniface Bassey Daniel Omako EFCC Olajide Ayodele Yellim Bogoro

Post navigation

Previous Development banks’ climate financing at all-time high in 2018
Next Atiku’s petition seeking access to inspect INEC saver “dead on arrival”- INEC counsel

Related Stories

Landmark $1B Underwriting Deal Paves Way for Record-Breaking Dangote Refinery IPO refinery
  • Breaking News
  • National News

Landmark $1B Underwriting Deal Paves Way for Record-Breaking Dangote Refinery IPO

August 18, 2026
BREAKING: Jubilation as Adeleke wins Osun election by 511,067 votes
  • Breaking News

BREAKING: Jubilation as Adeleke wins Osun election by 511,067 votes

August 16, 2026
BREAKING: Tinubu directs EFCC to vacate the court order freezing Osun account, calls Gov Adeleke
  • Breaking News

BREAKING: Tinubu directs EFCC to vacate the court order freezing Osun account, calls Gov Adeleke

August 6, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

NISO Rejects DisCos’ Debt Settlement Plans, Threatens Sanctions Over Outstanding Obligations
  • National News

NISO Rejects DisCos’ Debt Settlement Plans, Threatens Sanctions Over Outstanding Obligations

September 7, 2026
GSMA Warns Delays in 6GHz Spectrum Decisions Risk Stalling 5G, 6G Deployment
  • Business & Economy

GSMA Warns Delays in 6GHz Spectrum Decisions Risk Stalling 5G, 6G Deployment

September 7, 2026
Police Neutralise 6 Bandits, Rescue Kidnap Victims, and Arrest Suspects Across 9 States Ekiti abductors
  • National News

Police Neutralise 6 Bandits, Rescue Kidnap Victims, and Arrest Suspects Across 9 States

September 7, 2026
NDLEA Intercepts Modified Fuel Tanker Carrying 2.1 Tonnes of Cannabis Worth N1.1bn in Ondo
  • National News

NDLEA Intercepts Modified Fuel Tanker Carrying 2.1 Tonnes of Cannabis Worth N1.1bn in Ondo

September 7, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.