The Economic and Financial Crimes Commission (EFCC) on 8 February arraigned Rashida Bello, the First Lady of Kogi State, on charges of fraud to the tune of N3 billion.
The Most Stupid Person Is The Person That Keeps Money In The Bank - Apostle Johnson Suleiman
Rashida, who is believed to be a fugitive, was brought before Justice Obiora Egwuatu of a Federal High Court in Abuja along with Ali Bello, a nephew of her husband, Governor Yahaya Bello, and three others.
Wilson Uwujaren, a spokesman for the EFCC, said in a statement: "Bello was arraigned alongside Abba Adauda, Yakubu Siyaka Adabenege, Iyada Sadat and Rashida Bello (who is still at large) on an 18-count charge of criminal misappropriation and money laundering to the tune of N3,081,804,654.00.
Bello, Adaudu, Adabenege, Sadat and Rashida (who are still at large) asked E- Traders International Limited to hold a total of N3,081,804,654.00 in Abuja in June 2020. They should have known that this amount was derived from illegal activities.
Also, sometime in November 2021 in Abuja, the defendants caused E-Traders International Limited to transfer a total of $570,330 to an account with TD Bank in the United States. They should have known that this money was derived from illegal activities, such as criminal misappropriation, and therefore violated Section 15(2)(d) of the Money Laundering Prohibition Act, 2011, as amended, which is punishable under Section 15(3).
The defendants pleaded not guilty to all charges.
In view of their pleas, the prosecutor, Rotimi Oyedepo, SAN, prayed the court to fix a date for trial to enable the prosecution prove its case.
Justice Egwuatu adjourned the case till 13 February 2023 and ordered that the defendants be remanded in prison custody pending the determination of the bail application.
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The Most Stupid Person Is The Person That Keeps Money In The Bank - Apostle Johnson Suleiman
