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BREAKING: High Court Grants Yahaya Bello N500M Bail Amid N110.4bn Fraud Case

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BREAKING: High Court Grants Yahaya Bello N500M Bail Amid N110.4bn Fraud Case—-The Federal Capital Territory High Court in Abuja on Thursday granted the immediate past Kogi State Governor, Yahaya Bello, bail in the sum of N500 million and three sureties.

The trial judge, Justice MaryAnne Anenih made the pronouncement after listening to the fresh bail application brought before the court following the court’s refusal to grant Bello bail at the last sitting.

Bello, alongside two others, Umar Oricha and Abdulsalami Hudu, are facing trial on 16 counts preferred against them by the Economic and Financial Crimes Commission bordering on criminal breach of trust and money laundering to the tune of N110.4 billion.

The court, however, granted the second and third defendants, bail in the sum of N300m with two sureties alongside other conditions.

Further reading out the conditions for Bello’s bail, the judge held that the sureties must be responsible citizens who are landowners in any of the listed areas in Abuja – Maitama, Guzape, Apo, Wuse 2 or Asokoro.

She ordered that the sureties must deposit the documents of the property with the court’s registrar alongside two recent passport photographs.

Justice Anenih also ordered that Bello must deposit two copies of his recent passport photograph alongside a photocopy of a means of identification which could be either an International Passport or National Identity card after showing the original to the court’s registrar.

She held, “The first defendant must not travel without the permission of this court and he shall remain in the Kuje Correctional Facility until the bail conditions are met.”

Recall that on December 10, the court had rejected Bello’s bail request citing procedural irregularities in the filing of the application.

Justice Anenih, while delivering the ruling, stated that the application was premature and filed before Bello was present in court or custody.

The court noted that the bail application, dated November 22, 2024, was filed before Bello’s arraignment, which took place on November 27, 2024; days after he was taken into custody on November 26, 2024.

She said, “Having not been filed when the first defendant was either in custody or before the court, this instant application is incompetent.

“Consequently, the application, having been filed prematurely, is hereby refused.”

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Sports

BREAKING: Vinícius Rescues Brazil as Morocco Hold Selecao to Thrilling World Cup Opener

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BREAKING: Vinícius Rescues Brazil as Morocco Hold Selecao to Thrilling World Cup Opener—-Morocco stunned the five-time champions with an early breakthrough before Vinícius Júnior’s moment of brilliance earned Brazil a hard-fought 1-1 draw in Group C.

Brazil were forced to settle for a point in their opening match of the 2026 FIFA World Cup after a spirited Morocco side held the South American giants to a 1-1 draw in a captivating Group C encounter at MetLife Stadium.

The Atlas Lions struck first in the 21st minute when Ismael Saibari latched onto a perfectly weighted pass from Brahim Díaz before calmly lifting the ball over goalkeeper Alisson Becker to give Morocco a deserved lead. The African side’s intensity and organization troubled Brazil throughout the opening stages.

Brazil responded through their star man Vinícius Júnior, who produced a moment of individual brilliance in the 32nd minute. The Real Madrid winger drove into the box and unleashed a powerful finish beyond Yassine Bounou to restore parity and ignite the Brazilian supporters.

Despite enjoying more possession after the break, Brazil struggled to break down a disciplined Moroccan defence. Morocco, meanwhile, continued to threaten on the counterattack and arguably created the clearer opportunities in the closing stages.

The result leaves Group C finely poised, with both teams earning a valuable point in what was billed as one of the most anticipated fixtures of the opening round. While Brazil avoided an early setback thanks to Vinícius’ heroics, Morocco once again demonstrated why they remain one of the most dangerous sides on the international stage.

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

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Alpha Morgan Bank Delivers Historic N1.9 billion PBT in First 10 Months of Operations

 

Alpha Morgan Bank has announced a landmark financial performance, recording Profit Before Tax of N1.9 billion in just 10 months of operations, a result that stands as a major milestone in Nigeria’s banking industry and reinforces the Bank’s emergence as one of the country’s most remarkable new-generation financial institutions.

With this performance, Alpha Morgan Bank did not only break-even within an exceptionally short period, but also delivered what is believed to be a record-setting early-profit performance in the Nigerian banking sector, underlining the strength of its strategy, the discipline of its execution and the confidence the market has placed in its business model.

The Bank’s strong debut performance was supported by robust growth across key financial and operating indicators. Highlights of the 10-month financial statement include customer deposit of over ₦103BN, gross earning of ₦13.1 billion, net interest margin of 67%, non-performing loan ratio of 0%.

The performance was driven largely by strong synergy in customer acquisition and branch expansion, a deliberate focus on growth in demand deposits, creation of quality risk assets and balance sheet efficiency. These achievements were further supported by robust operational processes powered by sound technology and systems, management depth and expertise, experience and strategic oversight provided by the Bank’s Board.

Speaking on the performance, the Managing Director, Ade Buraimo, described the result as a significant validation of the Bank’s vision, business model and execution capacity.

“This is more than a financial milestone; it is a strong statement of what is possible when vision, discipline, sound execution, and market opportunity come together. From inception, Alpha Morgan Bank was built to be a commercial bank that is solution-driven and committed to delivering value at scale. To record a PBT of N1.9 billion in our first 10 months of operations is both historic and deeply encouraging. It reflects the dedication of our people, the trust of our customers and the solid foundation we have laid for long-term growth.”

 

 

 

About Alpha Morgan Bank

Alpha Morgan Bank is a customer-centric, innovative, and solutions-driven commercial bank, with a clear commitment to delivering “Satisfying Banking.”

Alpha Morgan Bank commenced operations in March 2025 with the rare distinction of regulatory approval for 14 branches across the country. This early footprint, combined with disciplined market execution, has enabled the Bank to build momentum across key business segments in record time.

Alpha Morgan Bank focuses on:

  • Human-Centred Technology: Digital tools designed for intuitive, everyday relevance and not vanity metrics.
  • Transparent Operations: From pricing to service promises, every process is clear, accountable, and customer friendly.
  • Customer-Centric Innovation: Continuously developing solutions and services driven by customer insights to deliver meaningful value and enhance satisfaction.

More than a financial institution, Alpha Morgan Bank positions itself as a partner in progress. Its vision is to drive possibilities, enable dreams, and reemphasize what it means to experience Satisfying Banking in Nigeria.

More about Alpha Morgan Bank on www.alphamorganbank.com

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