Ex-Kano MD and Son Granted Bail in N4bn Fraud Trial

In a recent legal development reported by Infostride News, a Kano High Court granted bail to the former Managing Director of Kano Agricultural Supply Company, Bala Muhammad, and his son, Bala Jnr., who are facing charges related to the alleged diversion of N4 billion in state funds. The case, which has been a subject of investigation by the Kano State Public Complaints and Anti-Corruption Commission, involves accusations of criminal breach of trust, making false statements or returns, and official corruption.

The legal proceedings began with the arraignment of Bala Muhammad before Justice Hafsat Sani. On November 2, 2023, he was remanded in custody after entering a plea of not guilty to all the charges leveled against him. However, during the recent court sitting on Thursday, Justice Sani granted bail to the defendants, outlining specific conditions to be met for their release.

As part of the bail conditions, Justice Sani mandated that two sureties must swear to an affidavit of means. These affidavits should provide evidence of gainful employment or engagement, supported by documentation demonstrating an ongoing registered business. The sureties must further furnish details of their office and residential addresses. The court emphasized the need for a thorough verification process, requiring the submission of tax documents covering the three preceding years by the sureties. The court registrar will be responsible for verifying this documentation.

Additionally, the police officers attached to the court must submit an affidavit confirming the accuracy of all the information provided in the sureties’ affidavits. This meticulous verification process is crucial to ensuring the credibility of the individuals standing surety for the accused.

Moreover, Bala Muhammad himself has specific requirements to fulfill for his release. He is obligated to obtain a letter of identification from a responsible Nigerian citizen who either works or conducts business within the territorial jurisdiction of the court. Furthermore, all sureties must be residents of Kano metropolis, adding a geographical dimension to the conditions imposed by the court.

The legal proceedings are set to move forward with the main suit scheduled for a hearing on December 6, 2023. This marks a critical juncture in the case, and the court’s decision to grant bail to the accused implies a recognition of their right to liberty pending the determination of the charges against them.

Infostride News will continue to monitor and report on the developments in this case as it unfolds. The intricacies of the legal process and the specific conditions attached to the bail serve as important elements in understanding the nuances of this high-profile trial.