Witness Testifies in Yahaya Bello Trial: N2.1B Loan Repaid with Kogi State Funds

The ongoing trial of former Kogi State Governor Yahaya Bello in an Abuja court involves witness testimony from Olomotan Egoro, a compliance officer at Access Bank. Egoro detailed how a N2.1 billion loan was disbursed and repaid using funds from Kogi State local government accounts between January and May 2022.

Suspicious cash withdrawals and transfers, including large sums withdrawn by individuals like Aminu Jimoh Olarenwaju and Abdulsalami Hudu, were highlighted. The witness also revealed a pattern of inflows and withdrawals in various local government accounts, indicating potential money laundering activities.

The court was presented with statements from accounts linked to Westwood Motors and Fazab Business Enterprise, showing significant financial transactions. The testimony suggests a complex web of financial activities involving multiple parties and entities.