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Home North West

Money laundering: Former Kaduna gov, Yero, others granted bail

Kabir Usman by Kabir Usman
June 6, 2018
in North West
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Money laundering: Former Kaduna gov, Yero, others granted bail
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Former governor of Kaduna State, Ramalan Yero, and three other persons remanded in prison have been granted bail.

The others are the Chairman of the Peoples Democratic Party, PDP, in Kaduna State, Abubakar Gaya-Haruna; former Secretary to the State Government, Hamza Ishaq, and former Minister of Power, Nuhu Somo Wya.

A Federal High Court sitting in Kaduna granted the bail in the sum of N1 million each to the accused on Wednesday.

They are being tried by the Economic and Financial Crimes Commission over alleged money laundering to the tune of N700 million.

READ ALSO: Court sends Kaduna former gov, Yero, three others to prison

The money was described as the campaign fund in 2015 for the Peoples Democratic Party, PDP.

The court remanded them in prison last week pending the proper application for bail after they pleaded not guilty to the charges against them.

Yero was arraigned on three-count-charge bordering on conspiracy to commit crime to wit directly taking possession of N700 million contrary to section 18(a) of the money laundering act; directly taking possession of N700 million contrary to section 18(d) and cash transaction without passing through a financial institution.

The others were arraigned on an additional charge of cash payment without passing through a financial institution.

Tags: bailFormer Kaduna govgrantedmoney launderingNEXT EDITIONNigeria newspapernorth westothersYero
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