Thursday, October 15, 2026

Alleged Fraud: Witness tells court he facilitated N1.4 billion forex transactions for Yahaya Bello’s associate

Justice Maryanne Anineh adjourned the case until October 27 and November 24, 2026, to continue the trial.

and • October 15, 2026
Yahaya Bello (Credit: X)
Yahaya Bello (Credit: X)

A Bureau de Change (BDC) operator, Jamilu Abdullahi, has told the Federal Capital Territory (FCT) High Court that he facilitated foreign exchange transactions worth over N1.4 billion for one Abba Adaudu in two months to pay the school fees of children of former Kogi State governor Yahaya Bello.

Mr Bello and his co-defendants, Umar Shuaibu Oricha and Abdulsalam Hudu, are currently on trial on a 16-count charge bordering on alleged money laundering involving N110 billion before Justice Maryanne Anenih.

Mr Abdullahi, a witness for the federal government, stated during a hearing on Thursday that between December 15, 2021, and February 21, 2022, he received over N1.4 billion to deliver United States dollars to Mr Adaudu. 

The witness was led in evidence by Kemi Pinheiro (SAN), counsel for the Economic and Financial Crimes Commission (EFCC). 

“A prosecution witness in the ongoing trial of former Kogi State Governor, Yahaya Bello, has told the Federal Capital Territory, FCT High Court, Maitama, Abuja, that transactions amounting to ₦1.425 billion were carried out for the purchase of foreign currencies between December 15 and February 21, 2022.

“The witness, a bureau de change operator, Jamilu Abdullahi, who testified as Prosecution Witness 19, PW19, said he delivered the foreign currencies purchased through the transactions to Abba Adaudu,” the EFCC said in a statement on Thursday.

The witness also told the court that he received the cash lodgments into his personal bank accounts and others associated with his company, including an Access Bank account and that the payments were made by Mr Adaudu, who would then send United States dollars back to him, according to the anti-graft agency.

“My lord, I always send the converted forex to Abba Adaudu. All the transactions at the Lokoja were from Abba Adaudu,” Mr Abdullahi explained, while noting that he sometimes handed the purchased dollars to Mr Adaudu at his own office and on other occasions at Mr Adaudu’s office in Abuja. 

Mr Abdullahi also revealed in court that he became familiar with accounts associated with Forza Oil, Alyeshua and Whales Oil and Gas during the transactions, “stating that they were the accounts used for paying the school fees of Mr Bello’s children at the American International School, Abuja at the behest of the former governor”.

During cross-examination by counsel of the first and second defendants, Abdullahi Yahaya, a senior advocate of Nigeria, the witness said he had no direct dealings with any of the defendants.

Justice Maryanne Anineh adjourned the case until October 27 and November 24, 2026, to continue the trial.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Nigerian Bar Association

States

Independence: NBA urges Nigerians to expect better future

The NBA said that ordinary Nigerians should be deriving benefit from the subsidy removal rather than hardship.

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Customs officers used to illustrate the story

Heading 5

Sokoto: Customs confiscate truckload of contraband worth N722 million

He urged Nigerians to support the NCS by providing credible information that could help eradicate smuggling.

PRESIDENT BOLA AHMED TINUBU

Heading 3

2027: Tinubu directs security chiefs to rescue abducted Nigerians, crush terrorists

Mr Musa said Mr Tinubu also stressed the need for free, fair and credible elections.

The Independent National Electoral Commission (INEC)

Heading 2

INEC decries exclusion of PWDs from elective positions in Akwa Ibom

Mr Onuoha said the commission would hold a sensitisation programme for persons with disabilities on Friday in Uyo.

Ebola patients

Africa

Kenya announces second Ebola case, downplays wider spread

The ministry said the victim had been in contact with 128 people.

States

Bauchi govt restates commitment to girls education

The commissioner enjoined parents to support their children, especially girls, to complete their education.