Alleged N30bn Fraud:  Kaduna Court Denies Suspect Bail Over Multiple Prosecutions

Justice R.M.Aikawa of the Federal High Court, sitting in Kaduna on Tuesday, November 25, 2025 refused to admit Bashir Ibrahim Bello to bail for facing three different prosecutions simultaneously.
Bello is facing trial on different financial crimes and charges, and with over 400 petitions pending against him in the Kaduna Zonal Directorate of the Economic and Financial Crimes Commission, EFCC.
Specifically,  he is being tried for alleged N30billion fraud bordering on obtaining under false pretences, money laundering and retention of proceeds of crime.   
Bello, Managing Director of Formal Act Legacy Limited was first arraigned by the Kaduna Zonal Directorate of the EFCC, on October 29, 2025 on a seven-count charge with suit No: FHC/KD/316C/2025. He was arraigned again on November 3, 2025 on an eight-count in a different case with suit No:FHC/KD/285C/2025, and on November 6, 2025  arraigned on a five-count charge in another matter with suit No:FHC/KD/246CC/2025.
When the bail application in one of the cases against him came up for hearing on November 25, prosecution counsel F.A.I Asemebo opposed the motion on the ground that the possibility of the defendant jumping bail on account of the multiple prosecution he is facing was high, noting that there are still over 400 petitions pending in the Commission against him.
Justice Aikawa denied the defendant bail, citing concerns over the seriousness of the charges against him and the multiplicity of the prosecutions he is facing.  
Bello was arrested on April 28, 2025 following over 400 petitions from aggrieved people, who alleged obtaining money by false presence against him.