EFCC Arraigns Bauchi Finance Commissioner Over Alleged N5.79 Billion Money Laundering

[NigerianEye - Nigeria] - 30/12/2025
The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned Yakubu Adamu, the Bauchi State Commissioner for Finance and former Branch Manager of Polaris Bank Plc's Bauchi branch, alongside Ayab Agro Products and Freight Company Limited, before Justice Emeka Nwite of the Federal High Court in Abuja.The defendants face six counts of money laundering involving a total of N5,791,900,000, contrary to Section 21(a) and punishable under Section 21 of the Money Laundering (Prevention and Prohibition) Act, 2022.The charges centre on a 2023 scheme in which Adamu allegedly conspired with (…)
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