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Sh*ck In Bauchi As Serving Commissioner Is Remanded In Kuje Prison Over Money Laundering Claims
The Federal High Court in Abuja on Tuesday ordered the remand of Bauchi State Commissioner for Finance, Yakubu Adamu, pending the determination of his bail application.....KINDLY READ THE FULL STORY HERE▶
Justice Emeka Nwite issued the order shortly after Adamu and Ayab Agro Products and Freight Company Ltd were arraigned on a six-count charge of alleged money laundering involving ₦4.6 billion.
The Economic and Financial Crimes Commission (EFCC), in a case marked FHC/ABJ/CR/694/2025, listed Adamu as the first defendant and Ayab Agro Products and Freight Company Ltd as the second. The charge, dated December 19, 2025, was filed by the EFCC’s legal counsel, Samuel Chime.
During the proceedings, Chime informed the court that the matter was ready for arraignment, and the defence did not oppose this. After the charges were read, Adamu and the company pleaded not guilty to all six counts.
In the first count, the EFCC alleged that Adamu, while serving as Branch Manager of Polaris Bank Ltd, Bauchi, conspired with Ishaku Aliyu, Managing Director of Makayye Investment Resources Ltd (currently at large), and Muntaka Mohammed Duguri (also at large) between June and December 2023. They were accused of facilitating the conversion, transfer, concealment, and use of ₦4.65 billion, allegedly released by Polaris Bank to finance motorcycles for the Bauchi State Government through Emmanuel Asomugha General Enterprises, which were never supplied. The EFCC cited violations of Section 21(a) of the Money Laundering (Prevention and Prohibition) Act, 2022.
In the sixth count, Adamu, Aliyu, and Duguri were further accused of channeling proceeds of unlawful acts through nominees and third parties in 2023. The EFCC alleged that part of the funds was transferred through I.S. Makayye Investment Resources Ltd, including ₦165.9 million to Ayab Agro Products and Freight Company Ltd, constituting proceeds of unlawful activity in violation of Section 20(a) of the Money Laundering (Prevention and Prohibition) Act, 2022.
Following the plea, Chime requested a trial date. Adamu’s lawyer, Chief Gordy Uche, SAN, informed the court that a bail application had been filed and urged that his client be granted bail on liberal terms pending trial. He referenced a previous appeal for Adamu to be released to the Bauchi State Attorney-General to facilitate payment of workers’ salaries.
Opposing bail, Chime noted that the EFCC filed a 15-paragraph counter-affidavit on December 22 with exhibits, urging the court to refuse bail and expedite proceedings.
Justice Nwite said a date would be fixed for ruling on the bail application. He ordered Adamu remanded at Kuje Correctional Centre pending that decision and adjourned the matter to January 2, 2026.
At the close of proceedings, the EFCC informed the court that additional defendants had reported and a fresh charge, including Adamu, had been filed. The commission requested that Adamu be held in EFCC custody pending the next arraignment to avoid logistical issues, which the judge approved.
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