A Federal High Court in Abuja has heard how billions of naira meant for Kogi State local government councils were allegedly funneled through corporate accounts and largely withdrawn in cash.
The trial of former Kogi State Governor, Yahaya Adoza Bello, continued on Thursday, January 29, 2026, with a prosecution witness detailing the intricate financial transactions.
According to the witness, Olomotane Egoro, a compliance officer with Access Bank Plc, the accounts of Fazab Business Enterprise and E-traders International Limited were used to siphon funds from various local government councils in Kogi State.
Egoro testified that between May and December 2022, over ₦2.5 billion was paid into the Fazab Business Enterprise account from Kogi State local governments, with almost the entire sum withdrawn in cash.
The witness revealed that Yakubu Siyaka A. carried out repeated cash withdrawals, totaling ₦582,300,000, and substantial transfers were also made from the Fazab account to various companies.
The EFCC is prosecuting Bello on a 19-count charge of money laundering involving a staggering sum of ₦80,246,470,088.88.
SUNTV Global Channel will continue to bring you updates on this developing story.
