BREAKING: Court grants Bauchi Accountant General another N400 million bail in alleged money laundering case 

Justice Obiora Egwuatu granted them bail with certain conditions while ruling on their legal team’s bail request shortly after their arraignment on the same day.

According to the EFCC, Aliyu Abubakar, Jasfad Resources Enterprise (a Bureau de Change operator), and Sirajo Muhammad Jaja (Accountant General of Bauchi State) between August and December 2024 allegedly conspired to commit money laundering by transferring and converting public funds belonging to the Bauchi State Government from the Bauchi State Sub-Treasury Account domiciled in a financial institution into the bank account of Jasfad Resources Enterprise, contrary to and punishable under the Money Laundering (Prevention and Prohibition) Act, 2022.

“That you, Aliyu Abubakar, Jasfad Resources Enterprise (a Bureau de Change operator), and Sirajo Muhammad Jaja (Accountant General of Bauchi State) between 15th November 2024 and 31st December 2024, within the jurisdiction of this Honourable Court, did commit an offence to wit; money laundering by transferring and converting the sum of N693,220,277.20 of public funds belonging to the Bauchi State Government from the Bauchi State Sub-Treasury Account domiciled in United Bank for Africa into the bank account of Jasfad Resources Enterprise domiciled in United Bank for Africa, and thereby committed an offence contrary to Section 18(2)(b) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022,” the charge partly reads. 

Backstory 

News reports emerged in March that the Bauchi State Accountant General was arrested in connection with investigations into alleged money laundering, diversion of public funds, and misappropriation.