The Economic and Financial Crimes Commission, (EFCC), has seized a sum of $760,910.84 paid by Governor Yahaya Bello, of Kogi State, to the American International School, Abuja.
The money was allegedly paid by the governor to American International School for his four children; however, the anti-graft agency seized the money, which was said to have constituted money laundering under Nigerian laws.
Reports yesterday quoted some documents which indicated that Yahaya Bellos nephew, Ali Bello, entered into agreement with the American International School in August, 2021, whereby the sum of $845,852.84 was instalmentally prepaid as school fees for Bellos four children.
The payment was to cover the childrens tuition fees throughout their stay in school.
Having been revealed, the anti-graft agency summoned school authorities for interviews regarding the funds, through a letter dated: September 7, 2023, approximately a year after the agreements execution.
During these interviews, the EFCC expressed suspicions that the advanced school fees constituted proceeds of crime and insisted on the reimbursement of the funds through a designated Central Bank of Nigeria (CBN) account, citing the schools unwitting role in money laundering.
