Anti-corruption and elections / EFCC
N104m Fraud: Masari, Ex-SMEDAN DG Gets N30m Bail
Justice Okon Abang of a Federal High Court, Abuja, has granted bail to Bature Umar Masari, a former Director General, Small and Medium Scale Enterprises Development Agency of Nigeria, SMEDAN who is facing a N104.7 million fraud charge. Masari was first arraigned on April 9, 2019 on a 17-count charge, following allegations of money laundering activities and benefitting from proceeds of gratification. His counsel, A. Magaji, SAN, had made an oral application for bail, which was opposed to by the prosecution, prompting the trial judge to fix hearing on the bail application to April 12, 2019, and
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