Ex- Accountant-General Arraigned Over Alleged N11billion Loan Scam, Fake Contracts, Forged Documents
Ex- Accountant-General Arraigned Over Alleged N11billion Loan Scam, Fake Contracts, Forged Documents
According to court documents, Abubakar is accused of diverting N3 billion obtained through a loan facility from UBA Bank for the procurement of 5000 motorcycles allegedly found to be non-existent.
A High Court in Bauchi State on Friday arraigned the state’s former Accountant-General, Sa’idu Abubakar, on a 16-count charge bordering on alleged diversion of public funds, fraud, forgery, criminal breach of trust, and abuse of office.
According to court documents, Abubakar is accused of diverting N3 billion obtained through a loan facility from UBA Bank for the procurement of 5000 motorcycles allegedly found to be non-existent.
The prosecution further alleged that the former Accountant-General deceived both the Bauchi State House of Assembly and the Office of the Secretary to the State Government by falsely presenting that certain loans had received official government approval.
The alleged deception reportedly led to the issuance and use of unauthorized approval documents.
Court filings also accuse him of diverting an additional N4.65billion and N3.36billion from separate loan facilities secured from Polaris Bank and UBA for motorcycle procurement projects involving thousands of motorcycles.
Other charges include the alleged use and possession of forged documents, creation of Irrevocable Standing Payment Orders (ISPOs) without lawful authorisation, possession of documents suspected to be forged, and criminal misappropriation of government funds.
Prosecutors told the court they would rely on multiple documentary exhibits, including ISPO records, resolutions of the State Executive Council and House of Assembly, official government correspondence, witness statements, investigative reports, and bank account records to establish the allegations against the defendant.
The prosecution is also expected to call government officials, finance personnel, investigators, and other key witnesses connected to the transactions as the trial progresses.
Abubakar is scheduled to appear before the Bauchi State Financial Crimes Court to answer the charges.
