Alleged N80.2bn Kogi Fraud: How #3.1bn Kogi LGs Funds Were Lodged into E-traders Account in Eight Months
Alleged N80.2bn Kogi Fraud: How #3.1bn Kogi LGs Funds Were Lodged into E-traders Account in Eight Months - Witness
The trial of former Kogi State Governor, Yahaya Adoza Bello, before Justice Emeka Nwite of the Federal High Court, Maitama, Abuja, continued on Thursday, January 29, 2026, with the continuation of testimony by Prosecution Witness Seven, PW7, Olomotane Egoro, a compliance officer with Access Bank.
Bello is being prosecuted by the Economic and Financial Crimes Commission, EFCC, on a 19-count charge bordering on money laundering to the tune of N80,246,470,088.88
(Eighty Billion, Two Hundred and Forty-Six Million, Four Hundred and Seventy Thousand and Eighty-Nine Naira, Eighty-Eight Kobo).
Led in evidence by prosecution counsel, Kemi Pinheiro, SAN, Egoro gave a detailed breakdown of financial transactions involving the accounts of Fazab Business Enterprise and E-traders International Limited, which allegedly received funds traced to Kogi State local government councils.
After reminding the witness that he was still on oath, Pinheiro applied that Exhibit 33(8), the statement of account of Fazab Business Enterprise be shown to the witness. He drew his attention to the inflows recorded in May 2022, and on May 9, 2022.
Responding, Egoro told the court that on May 6, 2022, there were 11 inflows into the Fazab Business Enterprise account.
He confirmed that the inflows came from different local government councils in Kogi State, including Yagba East, Yala, Ida, and Okene.
On the transactions of May 9, 2022, the witness stated that there were three transactions, comprising two inflows.
When asked to confirm whether the inflows originated from Ibaji and Dekina Local Government Areas, Egoro answered in the affirmative, saying, "Yes, my Lord, I can confirm it came from the two local governments."
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