Nyako, Son, Others Granted Bail | Independent Newspapers Limited
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Nyako, Son, Others Granted Bail

Posted: Jul 11, 2015 at 1:31 am   /   by   /   comments (0)

By Joe Nwankwo,  Abuja


A Federal High Court in Abuja on Friday granted former governor of Adamawa State, Murtala Nyako, and his son, Abdul-Aziz, and others bail in N350 Million with two sureties in like sum.

They are standing trial for allegedly laundering about N29b, as charged by the Economic and Financial Crimes Commission.

Nyako in court

Nyako in court

The court presided over by Justice Evoh Chukwu granted bail to the four accused persons in the sum of N350m each, with each of them required to produce two sureties each, or one surety, who must be a serving director in any Federal Government establishment.

The accused persons must among other bail conditions, deposit their travel documents and passport with the court registrar.

Justice Chukwu granted the accused persons bail, even with EFCC’s opposition based on the fear that the accused persons, particularly Nyako as a former governor and military officer, had the possibility of “interfering” with prosecution witnesses if granted bail.

Other accused persons are, former political adviser to Nyako, Zulkifikk Abba, and Abubakar Aliyu, as well as five firms, which were allegedly used as conduit for the looting of N29,099,430,879.92 from Adamawa State Government’s coffer while Nyako held sway as governor.

The firms which are also standing trial with the four men are Blue Opal Limited, Sebore Farms and Extension Limited, Pagoda Fortunes Limited, Tower Assets Management Limited and Crust Energy Limited.

The judge fixed September 30 for commencement of trial.

Justice Chukwu had ordered them to be remanded in EFCC custody shortly after the anti-graft agency arraigned them on 37 counts of fraud on Wednesday.

Defence counsel, Chief Kanu Agabi (SAN), had urged the court to grant bail to Nyako, as a former governor and his son, Abdul-Aziz, a serving Senator representing Adamawa Central in the Senate, on self recognisance.

“The first accused person is a former governor and there is also a serving senator. Where are they running to? They want to defend this case. They are golden fishes they had no hiding place,” Agabi said.

He urged the court to exercise its discretion judiciously and judicially in favour of the accused.

EFCC’s counsel, Rotimi Jacob (SAN), had opposed the bail on the grounds that the accused persons were likely to jump bail considering the gravity of the charges filed against them and high likelihood of conviction.

But the judge ruled that the accused persons had placed sufficient materials before him to grant them bail.

He noted the accused persons were presumed innocent and that EFCC having earlier granted them bail, it had no justification for opposing their bail application against.

The judge ruled that the sureties to be provided by the accused persons to guarantee their bail must have landed property within Abuja municipality. The court bailiff must also verify the evidence of the ownership of the

The sureties must also provide evidence of tax payment for the last three years. The sureties must also swear to an affidavit of means.

The accused persons, on their part, apart from having to deposit their travel documents with the court registrar, must also submit two passport photographs to the court registrar.