Alleged N450m Fraud against Belgore, Sulaiman: Bank to Produce Video Footage Feb. 26

Justice Rilwan Aikawa of the Federal High Court sitting in Ikoyi, Lagos, has further adjourned the hearing of the alleged N450m fraud case involving Dele Belgore, a Senior Advocate of Nigeria, SAN, and Prof. Abubakar Sulaiman, a former Minister of National Planning, to February 26, 2020. The adjournment which is at the instance of the defence is to enable all the counsel in the matter to watch a video footage from the bank.

The defendants are standing trial on a five-count charge of conspiracy and possession of proceeds of crime to the tune of N450 million brought against them by the Economic and Financial Crimes Commission, EFCC.

The defendants allegedly received the sum of N450m on March 27, 2015 out of the $115,010,000 paid into Fidelity Bank Plc by a former Minister of Petroleum Resources, Diezani Allison-Madueke, to influence the outcome of the 2015 presidential election.

The defendants also allegedly handled the huge sum without going through any financial institution, contrary to the provisions of the Money Laundering (Prohibition) Act.

At the resumed hearing today, Wednesday, February 5, 2020, counsel to the 1st defendant, F. O Arifayan, informed the court that at the last adjourned date, all counsel in the matter converged on the courtroom to watch the footage of the events that took place in March 27, 2015 at Fidelity Bank, as instructed by the court. EFCC