How I spent N8.5bn two days to handover —Bauchi ex-Gov

Immediate-past Governor of Bauchi State, Mohammed Abubakar, on Tuesday, admitted before the Federal High Court, Abuja, that he paid N8.5bn on May 27, two days before handing over power.

Abubakar, however, told the court that the money was paid to contractors who he claimed executed various infrastructural projects for the state under his watch. He also admitted that the N8.5bn was paid to the contractors the same day the money was received from the Central Bank of Nigeria on the order of the Federal Government as a refund for jobs done for the Federal Government.

The former governor, through his counsel, Basil Kpenkpen, had, on Tuesday, in an 18-paragraph affidavit filed to support his application to be joined in the suit instituted by the Economic and Financial Crimes Commission, denied laundering the sum of N19.9bn as alleged by the anti-graft agency.reports that Justice Taiwo Taiwo had, on August 2, granted EFCC’s prayer to freeze the First City Monument Bank Operational Account number 0998552074 of the Bauchi State Government.

Counsel to the EFCC had told the judge that the Commission was investigating a money laundering case in which the account featured prominently.DOWNLOAD THE PUNCH NEWS APP NOW ON

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