Reported by: Ijeoma G | Edited by: Gabriel Osa
ABUJA, NIGERIA — A Federal High Court in Abuja has granted Yakubu Adamu, the Commissioner for Finance in Bauchi State, bail in the sum of ₦500 million with stringent conditions as he faces ongoing criminal charges, sources confirmed on Friday. The decision comes amid high-profile cases involving allegations of money laundering and terrorism financing before the Federal High Court.
Justice Emeka Nwite ordered that Adamu be admitted to bail with two sureties, each in the like sum of ₦500 million, and directed that both sureties must be owners of landed property within the Asokoro, Maitama or Gwarinpa districts of the Federal Capital Territory (FCT), Abuja. The judge stipulated that all land documents must be verified by the court registry, and that the sureties must depose to an affidavit of means before the bail can be perfected.
In addition to the financial conditions, the court ruled that the commissioner must surrender his international passport to the court registrar and is prohibited from leaving the country without the express permission of the court. The judge also directed that passport photographs of both the defendant and his sureties be deposited with the registrar as part of the bail conditions.
The bail grant followed Adamu’s arraignment on December 30, 2025, by the Economic and Financial Crimes Commission (EFCC) on a six-count money laundering charge alleging the diversion of approximately ₦4.65 billion under the guise of financing motorcycle supply for the Bauchi State Government — a contract that prosecutors assert was never executed. Adamu pleaded not guilty to the charges.
He is also a co-defendant alongside Ayab Agro Products and Freight Company Ltd in the suit, which is being prosecuted under the Money Laundering (Prevention and Prohibition) Act, 2022.
The Federal High Court has adjourned the full trial to January 20, 2026, giving parties time to perfect the bail conditions and prepare for substantive hearings. Prosecutors had opposed bail, citing the gravity of the allegations and the amounts involved, but the court determined that the offences in the charge are bailable under Nigerian law.
The bail decision marks a significant development in a case that has attracted public attention due to its implications for public fund management and governance in Bauchi State. As the legal process continues, authorities and legal experts are watching closely to see how the matter unfolds through the coming weeks.
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