N2.9bn fraud: Fin­tiri ar­raigned, re­manded in prison

Daily Trust - - NEWS - By John Chuks Azu

For­mer act­ing gov­er­nor of Adamawa State, Ah­madu Umar Fin­tiri, was yes­ter­day re­manded in prison cus­tody over al­leged laun­der­ing of N2.9m.

The Eco­nomic and Fi­nan­cial Crimes Com­mis­sion (EFCC) filed a five-count charge against Fin­tiri, a for­mer speaker of the state House of As­sem­bly, and Mayim Con­struc­tion and Prop­er­ties Lim­ited.

They were ac­cused of us­ing pub­lic funds to ac­quire a tea plan­ta­tion from the Nige­ria Agri­cul­tural Bank in Taraba State which they dis­guised as loans from Ecobank Plc in Oc­to­ber 2014.

They pleaded not guilty to the charges which prompted the EFCC coun­sel, Aso Larry Peters, to ap­ply for their re­mand pend­ing the com­mence­ment of trial.

Jus­tice Ahmed Mo­hammed fixed July 1 for rul­ing on the bail ap­pli­ca­tion.

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