Skip to content
July 21, 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
  • National News
  • EFCC Investigation Forced Ali Bello to Abandon Abuja Property Purchase-Witness
  • National News

EFCC Investigation Forced Ali Bello to Abandon Abuja Property Purchase-Witness

Admin March 26, 2025
FG vs ASUU

Judiciary symbol

March 26, 2025

The Tenth Prosecution Witness, PW10, Fabian Nwaora in the trial of Ali Bello and Dauda Sulaiman on Tuesday told the Federal High Court, Abuja, that investigations by the Economic and Financial Crimes Commission, EFCC, forced Bello to withdraw from acquiring an Abuja property

The property is located on No.1 Ikogosi Spring Close, Maitama District.

Sitting before Justice J.K. Omotosho, the EFCC is prosecuting Ali Bello and Dauda Sulaiman on a 10-count charge, bordering on money laundering to the tune of N3billion.

Led in evidence by prosecution counsel, Rotimi Oyedepo, SAN, the witness who sold the property to Ali Bello stated that upon being aware that the property had come under EFCC’s investigation, the defendant came to him asking for refund.

“We didn’t know the matter had been investigated until Bello got back to me and said the property he bought had a problem, that the case is before EFCC. I said ‘okay what do you want us to do’, he said he wanted me to give him the money back and collect my house.

I sought the approval of my lawyer. My lawyer said since the matter is being investigated by the EFCC we cannot do so, because he knew we would be invited by the EFCC. When the EFCC invited us, we explained and they said the matter was under investigation that we should return the money that they paid to us and take back my house that they wanted to recover the money,” he said.

Further in his testimony, he stated that the EFCC informed them that the defendant was under investigation and ordered them to return the money paid on the property and retake possession of it because the Commission was on a mission to recover money from the defendant.

“We made arrangements and returned the money to EFCC, they said we should take our house back. There was an account number that they gave to us and I think it was a federal government’s account.

“The first batch was N4000,000,000 and the second batch was N150,000,000. The account they gave us I know is from the federal government and is for recovery purposes.

“We paid it in Naira because when they brought dollars to my manager I was not around and, I think he called the bureau de change and changed the money to Naira. That is what we received and then returned the money in Naira,” he said.

During his cross-examination by counsel to the defendants, the witness confirmed that the property sold was located on No.1 Ikogosi Spring Close, Maitama District, Abuja.

Justice Omotosho adjourned the matter till April 14 and May 7 and 9 2025 for continuation of trial.

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: ALI BELLO Dauda Sulaiman Fabian Nwaora

Post navigation

Previous Nigeria Customs waive import duty on pharmaceutical raw materials
Next Senate passes bill to repeal, reenact NIMC Act 

Related Stories

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos
  • National News

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos

July 20, 2026
Court sentences 2 Ansaru commanders to life imprisonment Federal High Court
  • National News

Court sentences 2 Ansaru commanders to life imprisonment

July 20, 2026
Reps Committee commences consideration of revised State Police establishment bill spokesman
  • National News

Reps Committee commences consideration of revised State Police establishment bill

July 20, 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

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos
  • National News

Olisa Agbakoba to chair GOCOP 2026 conference in Lagos

July 20, 2026
Court sentences 2 Ansaru commanders to life imprisonment Federal High Court
  • National News

Court sentences 2 Ansaru commanders to life imprisonment

July 20, 2026
Nigeria’s Erebor elected ATU confab preparatory committee chair
  • International News

Nigeria’s Erebor elected ATU confab preparatory committee chair

July 20, 2026
Reps Committee commences consideration of revised State Police establishment bill spokesman
  • National News

Reps Committee commences consideration of revised State Police establishment bill

July 20, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.