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