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A Federal High Court in Kaduna has denied bail to Bashir Ibrahim Bello, who faces trial in three different fraud cases and has over 400 petitions lodged against him at the Economic and Financial Crimes Commission (EFCC).
Justice R. M. Aikawa gave the ruling on Tuesday, November 25, after hearing submissions on a bail request related to one of the cases. The court sided with the prosecution’s claim that, due to the gravity and volume of the allegations, Bello posed a significant flight risk.
Bello, the Managing Director of Formal Act Legacy Limited, is charged with alleged involvement in a N30 billion fraud scheme, including money laundering, obtaining money by deception, and keeping criminal proceeds. His legal troubles intensified between late October and early November with three separate arraignments.
His first court appearance was on October 29 on a seven-count charge (FHC/KD/316C/2025), followed by an eight-count charge on November 3 (FHC/KD/285C/2025), and another five-count charge on November 6 (FHC/KD/246CC/2025).
At the hearing, EFCC’s counsel, F.A.I. Asemebo, argued that the number of ongoing cases and petitions made granting bail unsafe. The court agreed and ordered that Bello remain in custody.
Bello was arrested on April 28 following numerous complaints accusing him of obtaining money fraudulently from several individuals.
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