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    MarketForces Africa » MarketForces News » Ex-NIRSAL MD Abdulhameed Docked over Alleged Forgery

    Ex-NIRSAL MD Abdulhameed Docked over Alleged Forgery

    Julius AlagbeBy Julius AlagbeMarch 13, 2024 News No Comments3 Mins Read
    Ex-NIRSAL MD Abdulhameed Docked over Alleged Forgery
    Mr Aliyu Abdulhameed
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    Ex-NIRSAL MD Abdulhameed Docked over Alleged Forgery

    Mr Aliyu Abdulhameed, former Managing Director, Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc, was, on Wednesday arraigned at a Federal High Court, Abuja on allegations bordering on document forgery.

    Abdulhameed was arraigned alongside Babangida Abdullahi, on a 10-count charge before Justice Inyang Ekwo. They were, however, admitted to terms of administrative bail earlier granted to them by the police.

    Justice Ekwo had, on Feb. 10, fixed today for the defendants to take their plea. Upon resumed hearing, prosecuting counsel, Celestine Odo, informed the court that the matter was scheduled for arraignment of the duo and that he was ready to proceed.

    Odo applied that the charge be read to the defendants to take their plea. After the defendants pleaded not guilty to the 10 counts, the police lawyer sought a date for their trial.

    He also prayed the court to remand Abdulhameed and Abdullahi in Kuje Correctional Centre.

    Odo, who hinted that five witnesses had been listed in the charge, said that the prosecution would not call more than three witnesses to establish their case against the defendants. He said documentary evidence would equally be tendered by the witnesses.

    “You are going to bundle the documentary evidence per witness and paginate it from page 1 to the end. I will take the documentary evidence in bundle and will not entertain any objection on admissibility.

    “Parties will be at liberty to address the court at conclusion of trial on both admissibility and probative value,” the judge said. Defendants’ lawyer, Akin Olujimi, SAN, however, applied for their bail.

    Olujimi said he had earlier filed the bail applications of the defendants on Feb. 24 and that the prosecution had not filed any counter affidavit in opposition.

    Odo, who confirmed that they were served with the application, said the prosecution was not opposing the request.

    The judge, who admitted them to bail on the terms of the administrative bail, adjourned the matter until May 20, May 21, May 22 and May 23 for trial.

    He, however, ordered the prosecution to transfer particulars of their bail to the court registry.

    NAN reports that the criminal, dated and filed Nov. 28, 2023, was marked: FHC)ABJ/CR/555/2023.

    In the charge signed by CSP Celestine Odo, Legal/Prosecution Section of the Nigeria Police Force Headquarters, the defendants, and others now at large, were alleged to have, about Oct. 23, 2023, conspired among themselves to commit an offence of forgery.

    In count two, the defendants, and others now at large, sometime in Oct. 23, 2023, were alleged to have conspired among themselves to commit an offence.

    The offences are said to be contrary to Section 3(6) and punishable under Section 1(2){c} of the Miscellaneous Offences Act, Cap. M17, Laws of the Federation of Nigeria, 2010.

    Ex-President Muhammadu Buhari had, on Dec. 1, 2022, fired Abdulhammed on allegations of corruption bordering on agricultural loans.

    NIRSAL, a $500m non-bank financial institution, is a creation of the Central Bank of Nigeria (CBN) mandated to manage agribusiness-related credit risks in Nigeria. #Ex-NIRSAL MD Abdulhameed Docked over Alleged Forgery

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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