Friday, 10 July 2015

N15BN FRAUD: Former Adamawa State Gov Murtala Nyako & Sons, Granted N350million Bail

murtala-nyako
A Federal High court sitting in Abuja on Friday granted former Adamawa state governor, Murtala Nyako and his son Abdulaziz bail of N350 million. Both men are standing trial for a N15billion fraud. According to EFCC, Nyako and his son along with two others used five companies- Blue Opal Nigeria limited, Serore Farms & Extension Limited, Pagoda Fortunes Limited, Towers Assets Management Limited and Crust Energy Limited which have been traced to the governor to siphon N15 billion belonging to Adamawa state government. At the court hearing today, both men pleaded not guilty to the charges brought against them.

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