Bauchi Commissioner Remanded in Prison Over Alleged Money Laundering
The Bauchi State Commissioner of Finance, Yakubu Adamu, has been sent to Kuje Prison following allegations of money laundering amounting to 4.6 billion naira. The case, presided over by Justice Emeka Nwite at the Federal High Court in Abuja, involves charges brought by the EFCC against Adamu and others.
The charges include conspiracy, facilitation of fund transfers, and concealment of large sums allegedly released by Polaris Bank for motorcycle supply to Bauchi State. Adamu and his company, Ayab Agro Product Freight Company Ltd, have pleaded not guilty.
The EFCC accuses them of circulating funds through third-party accounts, violating anti-money laundering laws.
Plus234Feed summary based on reporting from NaijaNews. Read the original report below.
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