An FCT High Court in Kubwa, Abuja, on Tuesday admitted a Mahmood Abubakar, Director of A.M. Bello Nigeria Limited to N500, 000 bail for alleged fraud.
The Economic and Financial Crimes Commission (EFCC) charged Abubakar and A.M Bello Nigeria Limited with one count of fraud.
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Justice Bello Kawu granted the defendant bail following his defense counsel, Ejekela Gift‘s application for bail.
Gift cited Sections 35, 36 (5) urging the court to grant bail in the most liberal terms adding that the defendant had been in custody for more than two months.
” The essence of bail is not to terminate the matter, but to allow the defendant to prepare for his trial, ” he said.
Kawu ordered the defendant to produce one surety resident within the court’s jurisdiction.
He adjourned the matter until Sept. 30 for a hearing.
The defendant had pleaded not guilty to the charge against him.
Earlier, the prosecution counsel, Abubakar Rinjim told the court that the defendant by false pretense with intent to defraud obtained N2, 480, 000 from Mr. Moses Okpara sometime in 2018.
Rinjim said the defendant collected the said sum with the pretense of securing Federal Government jobs for Okpara’s children and acquaintances which were false.
He said the offense contravened Section (1) (a) and punishable under Section (1) (3) of the Advanced Fee Fraud and other Related Offence 2006.
