Yahaya Bello trial: Witness says ₦1.425bn was used for Forex deals in two months

Alleged ₦110.4bn kogi Fraud: Witness Says ₦1.425bn Was Used for Forex Transactions in Two Months

A prosecution witness in the ongoing trial of former Kogi State Governor, Yahaya Bello has told the Federal Capital Territory, FCT High Court, Maitama, Abuja, that transactions amounting to ₦1.425 billion were carried out for the purchase of foreign currencies between December 15 and February 21, 2022.

The witness, a bureau de change operator Jamilu Abdullahi, who testified as Prosecution Witness 19, PW19, said he delivered the foreign currencies purchased through the transactions to Abba Adaudu.

Abdullahi disclosed this on Thursday, October 15, 2026, before Justice Maryanne Anineh while being led in evidence by the prosecution counsel, Kemi Pinheiro, SAN.

Explaining the transactions, the witness identified several cash lodgments and transfers into accounts associated with him and his company, stating that the transactions were carried out for foreign exchange purposes on behalf of Adaudu.

While examining Exhibit AR, which contained transactions between July 2021 and April 2022, the witness confirmed cash lodgments of ₦10 million each made by Adaudu through the Lokoja branch. “My lord, I confirm the cash lodgments of Ten, Ten million Naira by Abba Adaudu from the Lokoja branch. My lord, I confirm I received the cash lodgments. It wasn’t for gift but for a forex transaction,” he said. He explained that the transactions were for the purchase of United States dollars.

The witness also identified a transfer dated January 18, 2022, from Keyless Limited, which he said belonged to Adaudu. He maintained that the transaction was not a gift but was equally meant for foreign exchange. On cash lodgments dated February 22, 2022, comprising ₦9 million, ₦8 million and another ₦8 million, which were recorded in his name through the Lokoja branch, Abdullahi denied personally making the deposits. “In fact, I have never been to that branch in my life, but my name has been used as a beneficiary as any other person’s name can be used as the receiver, and it was a dollar transaction for Abba Adaudu,” he said.

He gave a similar explanation for multiple cash lodgments recorded against his name on March 10 and 11, 2022, insisting that he had never visited the Lokoja branch. According to him, the names used in the transaction narrations depended on Adaudu’s instructions. “My lord, I get to know the cash was paid on Abba Adaudu’s behalf because whenever he makes a lodgment of cash in my account, the indicating narration is Abba Adaudu or Jamilu Abdullahi or any other name of their choice,” the witness said.

He added that the transactions were carried out for foreign exchange purposes and that he consistently handed the converted currencies to Adaudu. “My lord, I always send the converted forex to Abba Adaudu. All the transactions at the Lokoja were from Abba Adaudu,” he said.

Abdullahi also identified Exhibit AK as his personal account with Access Bank, Aminu Kano branch, Abuja. He confirmed entries indicating cash lodgments of ₦10 million each on December 29 and 30, 2021, and January 1 and 31, 2022, but maintained that the deposits were made by Adaudu for foreign exchange transactions rather than by him personally.

The witness further testified that he sometimes handed the purchased dollars to Adaudu at his own office and, on other occasions, at Adaudu’s office in Area 8, Garki, Abuja. On transactions involving Kunfayakun Global Limited, which he identified as his company, Abdullahi confirmed a credit entry of ₦100 million from Keyless Nature Limited through FCMB, Zone 4, in 2021. He told the court that the transfer was made by Adaudu.

He also identified a ₦400 million transfer through Keyless Nature Limited, which he attributed to Adaudu, as well as multiple transfers of ₦100 million each, totaling ₦600 million, from Ejadams Essence Limited on February 18, 2022. He said Ejadams Essence Limited belonged to Adaudu.