Court Denies Bail Again for El-Rufai’s Commissioner in Money Laundering Case

Court Denies Bail Again for El-Rufai's Commissioner in Money Laundering Case
Court Denies Bail Again for El-Rufai's Commissioner in Money Laundering Case

El-Rufai’s Commissioner Faces Repeated Bail Denial in Money Laundering Scandal

A Kaduna State High Court has denied bail to Alhaji Muhammad Bashir Sa’idu, the former Chief of Staff to ex-Governor Nasiru El-Rufai, in a money laundering case.

The court refused the bail application on the grounds that a formal charge had been filed at Kaduna State High Court II against Sa’idu, directing him to seek bail in the court where the charge is pending.

The prosecution alleges that Sa’idu sold $45 million belonging to the Kaduna State Government at an undervalued rate of ₦410 per dollar instead of the parallel market rate of ₦498 per dollar, resulting in a ₦3.9 billion loss to the government in 2022.

Leave a Reply

Your email address will not be published. Required fields are marked *