Netizens Reactions: N3bn Allegedly Funneled Through Private Accounts, Witness Testifies

Netizens Reactions: N3bn Allegedly Funneled Through Private Accounts, Witness Testifies

A Federal High Court in Abuja recently heard from prosecution witness Remigius Egu, who testified on the diversion and laundering of over N3 billion in funds from various Local Government Areas (LGAs) in Kogi State through private accounts………READ MORE

The funds were reportedly moved through accounts linked to Korforte Concept Limited.

Egu, a compliance officer with Zenith Bank, identified several suspicious transactions involving large sums from multiple Kogi LGAs. The testimony forms part of the ongoing trial of Ali Bello, the nephew of the former Kogi State Governor, Yahaya Bello, and other defendants on charges related to money laundering and public fund misappropriation.

In his testimony, Egu confirmed multiple deposits into the account of Korforte Concept Limited, including funds from Ogori Magongo LGA, Ibeji LGA, Adavi LGA, and others, totaling millions. The court also heard from another witness, Oyinkosola Akerele Shukurat, who revealed that her company, Forza Oil and Gas, facilitated payments for school fees totaling $139,000 on behalf of the Bello family.

The case has been adjourned to May 2025 for further proceedings.