The Federal High Court in Abuja has granted ₦200 million bail each to Sirajo Muhammad Jaja, the Accountant General of Bauchi State, and Aliyu Abubakar, following their arraignment on serious money laundering charges brought by the Economic and Financial Crimes Commission (EFCC).
Justice Obiora Egwuatu approved the bail under strict conditions after the EFCC accused the duo, alongside Jasfad Resources Enterprise (a Bureau de Change), of conspiring to launder Bauchi State Government funds. Between August and December 2024, the accused allegedly diverted public funds from the Bauchi State Sub-Treasury Account into the private account of Jasfad Resources, violating the Money Laundering (Prevention and Prohibition) Act, 2022.
This high-profile case adds to growing concerns over financial mismanagement in state institutions and the effectiveness of anti-corruption efforts in Nigeria.
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