EFCC arraigns Bestworth’s director for alleged misappropriation of N10.2bn


The Economic and Financial Crimes Commission (EFCC), on Thursday, arraigned a director of the defunct Abiodun Hassan before Justice Sylvanus Oriji of the FCT High , Apo, for alleged misappropriation of over N10.2billion.

Hassan was arraigned alongside his company, Bestworth Brokers Limited, on alleged misappropriation of .

The defendants were arraigned on a five-count charge bordering on criminal breach of trust and cheating.




The News Agency of Nigeria (NAN) reports that Hassan is the first defendant in the suit marked: FCT/HC/CR/021/2021, while the company, Bestworth Brokers Limited is the second defendant.

In the charge, the prosecution alleged that the sum of N26.2billion was entrusted to the defendants by Central Bank of Nigeria, ( CBN), being claim for defunct Power Holding Company of Nigeria (PHCN), deceased and incapacitated staff.



The prosecution in the charge also alleged that, at various times, the sum of N2.5billion, N1billion, N118million, N30million and N6.6billion were misappropriated from the N26.2billion by the defendants.

After all the counts were to him, Hassan pleaded not guilty.

The EFCC counsel, Benjamin Manji, prayed the to remand him in custody pending the determination of the matter.

Hassan counsel, Adeolu Salako however, informed the that he had a motion for bail for his client before it.



Salako, also urged the court to allow him to be kept at the EFCC custody, while praying the court to grant his application for bail.

Justice Oriji, however adjourned the matter until March 4, for hearing of the motion for bail. (NAN)