A Kano State High Court on Thursday granted bail to the former Managing Director of Kano State Agricultural Supply Company , KASCO , standing trial over the alleged diversion of N4bn , Bala Inuwa Muhammad and two others. The court presided over by Justice Hafsat Yahaya Sani granted the trio a bail of N500m and two sureties who are expected to be people with up-to-date tax clearance.
Recall the former Managing Director of KASCO, Bala Inuwa Muhammad is accused of diverting over N4bn together with Bala Inuwa Muhammad Junior and Incorporated Trustees of the Association of Compassionate Friends. The charges were filed against them by the office of the state’s Attorney-General, following investigations by the Public Complaint and Anti-Corruption Commission (PCACC). The PCACC disclosed that its investigations revealed that the defendants diverted over N4 billion from the account of the state’s agricultural supply company into personal account
Source: News Formal (newsformal.com)
Kano State High Court Bail Former Managing Director KASCO Diversion N4bn Bala Inuwa Muhammad Trial Funds Agricultural Supply Company
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