EFCC re-arraigns Sylva for N2.45bn fraud
The 
Economic and Financial Crimes Commission on Monday re-arraigned a former
 governor of Bayelsa State, Mr. Timipre Sylva, before a Federal High 
Court in Abuja for fraud involving about N2.45bn.
The accused allegedly committed the offence between October 2009 and February 2010 as governor of Bayelsa State.
He pleaded not guilty to all the six counts when he was re-arraigned before Justice Evoh Chukwu on Monday.
The former
 governor also has similar charges pending against him before Justice 
Ahmed Mohammed of the Federal High Court in Abuja.
Sylva had 
earlier pleaded not guilty to the Monday’s six counts when he was first 
arraigned for the offences before Justice Adamu Bello (retd) on June 5, 
2012.
The matter
 had to start de novo (afresh) following the retirement of Justice 
Bello, a development which prompted Sylva’s re-arraignment before 
Justice Chukwu on Monday.
The 
prosecuting counsel, Mr. Festus Keyamo, who signed the charges, accused 
Sylva of offences, including conversion of various sums of money 
belonging to the state with the aim of concealing their illicit origins.
He was 
also accused of  inducing Union Bank Plc to fraudulently grant him a 
N2bn overdraft facility under the pretext of using the money to augment 
workers’ salary.
Credit: The Punch
Credit: The Punch

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