Home CORRUPTION Former SMEDAN DG arraigned over alleged N184.5m fraud

Former SMEDAN DG arraigned over alleged N184.5m fraud

332
0

The Independent Corrupt Practices Other Related Offences Commission (ICPC) has arraigned Mr Bature Umar Masari, a former Director-General of the Small and Medium Scale Enterprise Development Agency of Nigeria (SMEDAN) before an FCT High Court sitting in Apo, Abuja.

The former DG was arraigned on 27 counts bothering on money laundering and embezzlement.

According to the charge, Mr Masari fraudulently awarded constituency project contracts to the tune of N184.5 million without due process.

He was also accused of receiving the sum of N50 million in November 27, 2014, from one of the contractors and distributed part of the sum to some other persons.

READ ALSO  FG received N2trn as revenue in 2019 H1 - DG Budget

This, according to the ICPC, contravenes the provisions of Section 10 of the Corrupt Practices and Other Related Offences Act 2000.

He, however, pleaded not guilty to the charges read to him after which his lawyer Mamadu Magaji, urged the court to grant him bail – a request the prosecution did not object to.

After listening to both parties, the court granted the defendant bail in the sum of N50 million with two sureties who must be in the civil service and at director level.

READ ALSO  Witness narrates how Fayose received N1.2bn stashed in two planes

The trial was then adjourned to November 26, 2018.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.