EFCC re-arraigns Nyako, son over alleged money laundering

The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned former governor of Adamawa State, Murtala Nyako, and his son for money laundering.

Nyako and his son were arraigned before Justice Okon Abang of the Federal High Court, Abuja.

The EFCC had arraigned Nyako and his son before the late Justice Evoh Chukwu, who granted them bail in the sum of N350 million each, with two sureties in like sum.

They were arraigned alongside five firms – Blue Opal Limited, Sebore Farms and Extension Limited, Pagoda Fortunes Limited, Tower Assets Management Limited and Crust Energy Limited, who all pleaded not guilty.

The prosecuting counsel made an oral application to allow the defendants continue with their former bail conditions.

He also applied that the court should make the sureties file an affidavit in readiness to continue as sureties to the defendants.

The defence counsel, Kanu Agabi, opposed the application to make the sureties to file an affidavit.

Justice Abang held that the defendants should continue with the bail, while refusing the application of the prosecutor to make the defendants’ sureties file a fresh affidavit.

“It is the responsibility of the defendants to inform their sureties that the matter has been reassigned to this court for trial de novo and the defendants shall hold their bail condition granted by the late Chukwu,” Abang said.

He adjourned the matter till November 17 and November 21 for commencement of trial.

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