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7/10/2015

BREAKING NEWS:Nyako, son, others gets N1.4bn bail...Released!

Firstclass newsline gathered that a Federal High Court in Abuja on
Friday granted bail to a former governor of Adamawa State, Murtala
Nyako, and his son, Abdul-Aziz, and others being prosecuted along with
him for about N29bn fraud charges.
The bail was granted to the four accused persons in the sum of N350m
each with each of the four accused persons required to produce two
sureties each or one surety who must be a serving director in any
Federal Government establishment.
The sureties to be produced must also have landed property in the
Abuja Municipal Area Council, which the court ordered must be verified
by the court bailiff.
The sureties are also expected to swear an affidavit of means.
Justice Evoh Chukwu, who in a ruling dismissed the objection of the
Economic and Financial Crimes Commission on Friday, also ordered the
accused persons to deposit their passport and other travel documents
with the court registrar.
The judge had on Wednesday remanded the accused persons in the custody
of the Economic and Financial Crimes Commission upon their arraignment
on 34 counts of money laundering and fraud instituted against them‎.
Nyako, who was removed as Adamawa State Governor by the state House of
Assembly on July 15, 2014, was arraigned along with his son,
Abdul-Aziz, and others comprising, Zulkifikk Abba, Abubakar Aliyu as
well as five firms.
Abdul-Aziz is the senator representing Adamawa Central in the National Assembly.
They were arraigned before Justice Evoh Chukwu for fraud amounting to
N29,099,430,879.92.
Other firms arraigned along with Nyako and his son were Blue Opal
Limited, Sebore Farms and Extension Limited, Pagoda Fortunes Limited,
Tower Assets Management Limited and Crust Energy Limited.
Firstclassnewsline.net

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