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Money laundering

Jun 28, 2025

FRN vs Ali Bello & 4 others

Humans

Ali Bello
& 4 others

Money bag

N3 billion
Amount allegedly laundered

Money bag

Case Summary
The accused persons allegedly procured E-Traders International Limited to retain the said sum, which they reasonably ought to have known forms part of proceeds of unlawful activity.

Calendar

871
Day(s) since arraignment

Gavel

Case Update
The prosecution witness told the court that multiple inflows of large sums of money from several Kogi State LGAs were traced to the account of Korforte Concept Limited, which had on N7,370.00 before the transactions. He added that the inflows were from Ogori Magongo LGA: N14,844,640.57; Ibeji LGA: N18,629,944.51; Adavi LGA: N20,887,557.54; Kogi LGA: N17,929.59; Kabba/Bunu LGA: N18,460,569.12; Ajaokuta LGA: N22,764,334.70; Okene LGA: 20,758,710.37; Yagba West LGA: N18,234,063.61; Ofu LGA: N21,368,633.69; Igalamela/Odolu LGA: N19,480,651.20; Olamaboro LGA: N19,089,517.01; Dekina LGA: N23,373,201.67; Ibaji LGA: N15,653,631.39; Omala LGA: N16,876,252.03; Lokoja LGA: N20,591,073.74; Ijumu LGA: N17,369,243.52 and Bassa LGA: N17,471,549.57, all in October 2022.

Court house

Hon. Justice Obiora Atuegwu Egwuatu
Federal High Court, Maitama, Abuja

Legislation

ACJA/ACJL Compliance - violated

Case Information
Ali Bello & 4 others
Presiding Judge & Designated Court
Hon. Justice Obiora Atuegwu Egwuatu, Federal High Court, Maitama, Abuja
Nature and Number of Charges
18-count charge bordering on money laundering and misappropriation
Date of 1st Arraignment
Feb 8, 2023
Summary of Case
The accused persons allegedly procured E-Traders International Limited to retain the said sum, which they reasonably ought to have known forms part of proceeds of unlawful activity.
Defendant(s) and Plea entered on Arraignment
1. Ali Bello – Not guilty
2. Abba Adauda – Not guilty
3. Yakubu Siyaka Adabenege – Not guilty
4. Iyada Sadat – Not guilty
5. Rashida Bello – Not guilty
Defence Counsel(s)
1. Ahmed Raji (Senior Advocate of Nigeria)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Rotimi Oyedepo (Senior Advocate of Nigeria)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
871 day(s)
Case Update
The prosecution witness told the court that multiple inflows of large sums of money from several Kogi State LGAs were traced to the account of Korforte Concept Limited, which had on N7,370.00 before the transactions. He added that the inflows were from Ogori Magongo LGA: N14,844,640.57; Ibeji LGA: N18,629,944.51; Adavi LGA: N20,887,557.54; Kogi LGA: N17,929.59; Kabba/Bunu LGA: N18,460,569.12; Ajaokuta LGA: N22,764,334.70; Okene LGA: 20,758,710.37; Yagba West LGA: N18,234,063.61; Ofu LGA: N21,368,633.69; Igalamela/Odolu LGA: N19,480,651.20; Olamaboro LGA: N19,089,517.01; Dekina LGA: N23,373,201.67; Ibaji LGA: N15,653,631.39; Omala LGA: N16,876,252.03; Lokoja LGA: N20,591,073.74; Ijumu LGA: N17,369,243.52 and Bassa LGA: N17,471,549.57, all in October 2022.
ACJA/ACJL Compliance
Violated