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July 14, 2024
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Alleged 4bn fraud: Court admits ex- MD of KASCO to administrative bail

A High Court in Kano State on Tuesday granted administrative bail to the former Managing Director of the Kano Agricultural Supply Company limited (KASCO), Bala Inuwa.

The News Agency of Nigeria reports that the Kano State Public Complaints and Anti-corruption Commission (PCACC) charged Inuwa with alleged diversion of N4 billion grant.

He is being charged alongside his son, Muhammad, his niece, Halima, Najib Muhammad and Incorporated Trustees of the Association of Compassionate Friends.

Delivering ruling, Justice Usman Na’abba also ordered Inuwa to produce one surety.

He admitted the other co-defendants to bail in the sum of N10million each.

Justice Na’abba adjourned the matter until Aug. 22 .

Earlier, the defence counsel, Prof. Nasiru Aliyu, SAN told the court that it was improper for the court to entertain the charge filed by the PCACC on the grounds that there was a court judgment preventing the commission from filing the charge against his client.

The charge against the defendants bordered on criminal breach of trust, criminal misappropriation and making false statements of return contrary to the penal code and PCACC laws of Kano state.( NAN)

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