‘N10b Money Laundering’: BDC Operator Testifies In Ex-Gov Yahaya Bello Nephew’s Trial

The Federal High Court sitting in Abuja has adjourned the money-laundering trial of Ali Bello, a nephew to ex-governor Yahaya Bello of Kogi State, and one Abdulsalam Hudu after a Bureau de Change (BDC) operator, Rabiu Tafada, testified in the matter.

Bello, who is the chief of staff to the current Kogi State Governor, Usman Dodo, and Hudu were arraigned by the Economic and Financial Crimes Commission (EFCC) on a 10-count charge bordering on misappropriation and money laundering.

Part of the charge reads “One of the counts reads: “That you, Ali Bello, Dauda Sulaiman and Abdulsalam Hudu (now at large), between January and December 2021, in Abuja within the jurisdiction of this honourable court procured Rabiu Usman Tafada to take possession of the total sum of N5,865,756,800 (five billion, eight hundred and sixty-five million, seven hundred and fifty-six thousand, eight hundred naira), which sum you reasonably ought to have known forms part of the proceeds of unlawful activity to wit: criminal misappropriation from the treasury of Kogi State and you thereby committed an offence contrary to sections 18 (c), 15 (2) (d) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 15 (3) of the same Act.”

But the defendants pleaded not guilty to the charges.