Alleged 4bn fraud: Court grant bail against former KASCO MD
By Abdullahi Jalalalluden
A Kano State High Court number 4 sitting at Audu Bako has granted administrative bail to the Managing Director, Kano Agricultural Supply Company limited (KASCO), Bala Muhammad Inuwa over allege diversion of 4bn.
The Court, presided over by Justice Usman Na’abba also granted surety in like sum of N10m bail to his son, Inuwa Muhammad .
Delivering his ruling, Justice Usman Na’abba granted the former MD bail on self recognition.
Earlier, the defense counsel, Professor Nasiru Aliyu, SAN told the court that it is improper for the Court to hear and entertain the charge filed by the PCACC on the ground that there was a court judgement that prevented PCACC to file any charges or investigating any case that bothers around financial crimes which the judgement is on appeal.
Radio Nigeria recalled that Kano State Public Complaints and Anti-corruption Commission (PCACC) has sued Bala Mohammed Inuwa for allegedly diverting over N4 billion grant into private accounts.
The anti-graft agency preferred a 10-count charge against Mohammed, who is a former managing director of the Kano Agricultural Supply Company Ltd (KASCO). He is being sued alongside four others, including his son.
The co-defendants are Inuwa Mohammed Halima Inuwa, Najib Muhammad and Incorporated Trustees of the Association of Compassionate Friends.
The charges against the defendants border on criminal breach of trust, criminal misappropriation and making false statements of return contrary to the penal code and PCACC laws of Kano state.
