Senator Abdul-Aziz Murtala Nyako

N40bn Fraud: Nyako, Son, Others Plead Not Guilty To Fresh Charge

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The Economic and Financial Crimes Commission (EFCC), yesterday, re-arraigned the former governor of Adamawa State, Admiral Murtala Nyako (Rtd), his son Abdulazeez Nyako and seven others before a Federal High Court in Abuja.

The former governor and other accused persons pleaded not guilty to the charges.

They are standing trial before the court for allegedly embezzling the sum of N40 billion  while in office.

Nyako, Abubakar Aliyu, Blue Opal Limited, Sebore farms and extension Limited, Pagoda Ventures Limited, Tower assets management Limited and Crust Energy Limited were arraigned  on a 37 count charge before Justice Okon Abang.

Following their  not Guilty  plea, Justice Abang ordered that the defendants should continue to enjoy the conditions of the earlier bail granted by late Justice Chukwu, who initially handled the matter before his demise.

He said the request of the  prosecutor that the defendant’s sureties should file a fresh affidavit cannot be granted because the prosecutor has failed to oppose the oral application made by the defendants.

Beside, Justice Abang ruled that the court cannot vary the condition of the  bail earlier granted to the defendants.

The court adjourned trial of the defendants to November 17 and 22, 2016.

Part of the charges read: That you Murtala, Abdulaziz Nyako,Abubakar Aliyu, Blue Opal Limited Pagoda Fortunes Limited and Tower Assets Management Limited on or about 9th March 2012 within the jurisdiction of this Honourable Court did convert the sum of N35,000,000 to develop hill view estate Mpape Abuja which  was derived from the theft of the fund of Adamawa State government, routed through Amdak Investment Limited, Towers assets management limited and Blue Opal Limited accounts respectively with the aim of concealing the illicit origin of the said sum and you thereby committed an offence punishable under section 15(1)(a)of the money laundering (prohibition) Act,2011.

Count 21:That you Murtala, Abdulaziz Nyako,Abubakar Aliyu, Blue Opal Limited Pagoda Fortunes Limited and Tower Assets Management Limited and Crust energy limited between January and December 2012 within the jurisdiction of this honourable court did collaborate in disguising the genuine origin of an aggregate sum of N10,693,800,000 which sun’s were derived from the theft of Adamawa State government funds from cheques issued on the name of Special Services Department / Mary P and illegally placed under the control of Ma’aji Iro, the then regional manager of Zenith Bank PLC, North-East Nigeria for private use as against the official use with the aim of concealing the illicit origin  of the said sum and you thereby committed an offence punishable under section 15(1)(b)of the money laundering (prohibition) Act, 2011.

Count :That you Murtala, Abdulaziz Nyako,Abubakar Aliyu, Blue Opal Limited Pagoda Fortunes Limited and Tower Assets Management Limited and Crust energy limited between January and Dec 2012 within the jurisdiction of this honourable court did collaborate in disguising the genuine origin of an aggregate sum of N6,366,280,000( Six billion, three hundred and sixty six million, two hundred and eighty thousand naira which sum you reasonably ought to have known to be proceeds of an unlawful act to wit; money’s derived from the theft of Adamawa State government funds from cheque issued in the name of special Services Department / Mary P and illegally placed under the control of Ma’aji Iro, the then regional manager of Zenith Bank PLC, North-East Nigeria for private use as against the official use with the aim of concealing the illicit origin  of the said sum and you thereby committed an offence punishable under section 15(2)(a)and(6) of the money laundering (prohibition) Act,2012, and punishable under Section 15 (3)of the same act.

Count 30: that you That you Murtala, Abdulaziz Nyako,Abubakar Aliyu, Blue Opal Limited Pagoda Fortunes Limited and Tower Assets Management Limited on about 9 February 2012, within the jurisdiction of this honourable court did collaborate in disguising the genuine origin of an aggregate sum of N235,000,000 ( Two hundred and thirty five million naira) being cash lodgement made into the accounts of Shoreditch farms and extension limited with Zenith Bank PLC which sums were derived from theft of funds belonging to Adamawa State government purporting same to be security funds and illegally placed under the control Ma’aji Iro, the then regional manager of Zenith Bank PLC, North-East Nigeria for private use as against the official use with the aim of concealing the illicit origin  of the said sum and you thereby committed an offence punishable under section 15(1)(b) of the money laundering (prohibition) Act,2011, and punishable under Section 15 (3)of the same act.

 

 

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