A Federal High Court in Kaduna has declined to grant bail to Bashir Ibrahim Bello, who is standing trial in three separate fraud cases and has more than 400 petitions pending against him at the Economic and Financial Crimes Commission.
Justice R. M. Aikawa delivered the ruling on Tuesday, November 25, after hearing arguments on a bail application filed in one of the matters. The court agreed with the prosecution that the likelihood of the defendant absconding was high given the scale of allegations and the multiple ongoing prosecutions.
Bello, the Managing Director of Formal Act Legacy Limited, is accused of involvement in an alleged N30 billion fraud that includes obtaining money under false pretences, money laundering and retention of proceeds of crime. His legal troubles intensified between late October and early November, when he was arraigned three times in separate cases.
He first appeared in court on October 29 on a seven-count charge in suit FHC/KD/316C/2025. He was later arraigned on November 3 on an eight-count charge in case FHC/KD/285C/2025, and again on November 6 on a five-count charge in suit FHC/KD/246CC/2025.
During Tuesday’s hearing, EFCC counsel F.A.I. Asemebo argued that the volume of pending petitions and the number of active prosecutions made bail risky. The court upheld the argument and ruled that Bello should remain in custody.
Bello was arrested on April 28 following hundreds of petitions from individuals who accused him of obtaining money from them under false pretences.
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