An Economic and Financial Crimes Commission (EFCC) witness, John Ibrahim, on Thursday told the Federal High Court, Abuja, how over N4.6 billion was allegedly diverted from the coffers of Bauchi State government.
Ibrahim, an investigator with the EFCC, is the 1st prosecution witness in the ongoing trial of Bauchi State’s Finance Commissioner, Yakubu Adamu.
The witness, who was led in evidence by the commission’s lawyer, M.O. Adebayo, (SAN), said he knew Adamu and his company, Ayab Agro Products and Freight Company Limited.
The EFCC arraigned the commissioner and his company for money laundering.
He said: “My lord, sometime in May 2024, the commission received intelligence reports against the fraudulent activities of the 1st defendant and his company.
“The intelligence has it that the 1st defendant used an account called, I. S. Makayya Investment Resources Ltd with account number: 4091670187 belonging to the same I. S. Makayya Investment Resources Ltd.
“The account is domiciled in Polaris Bank where the 1st defendant was serving as Branch Manager in Bauchi.
” That the account was used to receive funds belonging to the state government and thereafter disbursed to individuals and companies, including a company called, Ayab Agro Products and Freight Company Ltd, 2nd defendant.”
The witness said the commission accepted the intelligence report and commenced investigation in earnest by writing to the bank and requested the bank statements of I.S. Makayya Limited.
” We received the response and analysed accordingly.
“While analysing the statement my lord, we saw an inflow of N4 billion and N650 million into the account of one Emmanuel Asomugha General Enterprises with account number; 4091707386 domiciled in Polaris Bank, Bauchi.
“When we analysed the account of Emmanuel Asomugha General Enterprises, we discovered parts of the funds that was transferred to I. S. Makayya Investment Resources Limited was a loan granted to Emmanuel Asomugha to supply 15, 000 motorcycles to Bauchi State’s civil servants ” he added.
 witness, John Ibrahim, on Thursday told the Federal High Court){kind=link}