N4.6bn laundering: Court orders EFCC to produce Bauchi finance commissioner

EFCC officers

The Federal High Court in Abuja on Wednesday ordered the Economic and Financial Crimes Commission to produce the Bauchi State Commissioner for Finance, Yakubu Adamu, in court on December 30 for arraignment over alleged N4.6 billion money laundering.

Justice Emeka Nwite issued the order after the EFCC failed, for the second time, to present Adamu for plea-taking, warning that the prosecuting counsel would be sanctioned if the defendant was not produced on the next adjourned date.

Adamu and a company, Ayab Agro Products and Freight Company Ltd, are listed as first and second defendants respectively in a six-count charge marked FHC/ABJ/CR/694/2025.

According to the charge filed on December 19 by the EFCC, Adamu, while acting as Branch Manager of Polaris Bank Ltd in Bauchi, allegedly conspired with Ishaku Mohammed Aliyu, Managing Director of Makayye Investment Resources Ltd and Muntaka Mohammed Duguri, both said to be at large, to launder about N4.65 billion between June and December 2023. Punch