THE FORMER STATE GOVERNOR, IBRAHIM SHEKARAU, WAS ON THURSDAY, MAY 24, GRANTED BAIL TO THE SUM OF N100 MILLION BY A FEDERAL HIGH COURT SITTING IN KANO.
Shekarau was arraigned alongside two others; Aminu Bashir Wali and Mansur Ahmed before Justice Zainab Bage Abubakar over charges of alleged money laundering.
The trio were arraigned by the Economic and Financial Crimes Commission (EFCC) for six-count charge bordering on conspiracy and money laundering to the tune of N950million.
They were said to have collected the sum of N950,000,000, part of the $115,000,000, allegedly distributed by a former Minister of Petroleum Resources, Deizani Allison Madueke for the purpose of influencing the outcome of the 2015 general election.
One of the charges read, “You Ibrahim Shekarau, Aminu Bashir Wali on or about the 27th March, 2015 within the Kano Judicial division of the Federal High Court , retain, took possession and control of the cash sum of N950,000,000 (Nine Hundred and Fifty Million Naira only), which sum you reasonably ought to have known forms part of an unlawful act of Deizani Allison Madueke to wit: gratification, commits an offence contrary to Section of 15 (1) of the Money Laundering Prohibition Act, 2011 (as amended) and punishable under section 15(3) of the same Act”.
They, however, pleaded not guilty to the charge when it was read to them.
After much deliberation in court, Justice Abubakar granted the defendants bail in the sum of N100,000,000 each and two sureties in like sum.
The matter was then adjourned till June 26, 2018 for the commencement of trial.