Former NIRSAL MD and Others charged to Court

Aliyu Abdulhameed, the former Managing Director of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Plc, is slated to be arraigned by the police on March 13 over allegations of document forgery.

Originally scheduled for Wednesday, the arraignment was postponed due to a backlog of cases before Justice Inyang Ekwo.

Abdulhameed, along with Babangida Abdullahi, the second defendant, will face a 10-count charge dated November 28, 2023, marked FHC/ABJ/CR/555/2023.

According to the charge signed by CSP Celestine Odo of the Legal/Prosecution Section at Nigeria Police Force Headquarters, the defendants and others allegedly conspired to commit forgery around October 23, 2023.

These offenses are 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.

Former President Muhammadu Buhari dismissed Abdulhameed on December 1, 2022, over corruption allegations related to agricultural loans.

NIRSAL, a $500 million non-bank financial institution, established by the Central Bank of Nigeria, is tasked with managing agribusiness-related credit risks in Nigeria.

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