N341m Fraud: Court Grants Ex-minister, Wakil, 4 others Bail


A former minister of state for power, Hon. Muhammad Wakil was on Thursday granted bail by a Federal High Court in Maiduguri.
He was granted bail alongside four other politicians, Garba Abacha, Ibrahim Birma, Dr. Abubakar Kullima and Engr. Muhammad Kachalla, all candidates on the platform of Peoples Democratic Party (PDP) during the last election, to the tune of N10 million each.

They were arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice Muhammad Tanko Salihu’s Federal High Court sitting in Maiduguri on Monday on a-7 count charge for the offence of criminal conspiracy to commit Money Laundering to the tune of over N 341 million.
They have since Monday been committed to detention in the EFCC cell. When their bail application came up for hearing on Thursday, Justice Salihu admitted the defendants to bail in the sum of N 10 million each with two sureties in the sum of N5 million each.

The sureties must have a landed property within or outside the jurisdiction of the Honourable court worth the amount of their surety.

The judge ruled that the sureties must deposit to an affidavit of means and must summit two recent photograph passport. And the sureties must be verified by both the prosecution and the defence counsels.

The EFCC had through intelligence dated 13th April, 2016 against Mrs. Diezani Alison-Madueke, who warehoused large amount of money with Fidelity Bank found the five accused of complicity in an accused of criminal conspiracy.

The EFCC counsel said investigation revealed that substantial amount of the money was shared by the defendants to politicians in Borno State. They agreed among themselves to make and receive cash payments above threshold outside financial institutions.

One of the count read against them stated: “That you, Hon. Muhammad Wakil, Garba Abacha, Ibrahim Shehu Birma, Dr. Abubakar Ali Kullima and Muhammad Baba Kachalla on or about the 26th day of March, 2015 at Maiduguri, Borno State within the jurisdiction of this Honourable Court, did agree among yourselves to do an illegal act, to wit: conspiracy to commit Money Laundering and thereby committed an offence contrary to and punishable under section 18(a) of the Money Laundering (Prohibition) Act, 2011 (As Amended)”.

The case has been adjourned to 1st November 2018 for trial.

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