In a press statement dated December 24, 2025, and signed by Hon. Wada Abdullahi, State Secretary of the Peoples Redemption Party, Bauchi State chapter, the party commended the EFCC for what it described as its “diligent efforts in apprehending and investigating Yakubu Adamu, the Bauchi State Commissioner of Finance, over the serious allegations of N4.6 billion money laundering, as reported by some newspapers.”
The Peoples Redemption Party (PRP), Bauchi State chapter, has called for the immediate resignation of the state Commissioner of Finance, Yakubu Adamu, following his arrest and investigation by the Economic and Financial Crimes Commission (EFCC) over alleged N4.6 billion money laundering.
In a press statement dated December 24, 2025, and signed by Hon. Wada Abdullahi, State Secretary of the Peoples Redemption Party, Bauchi State chapter, the party commended the EFCC for what it described as its “diligent efforts in apprehending and investigating Yakubu Adamu, the Bauchi State Commissioner of Finance, over the serious allegations of N4.6 billion money laundering, as reported by some newspapers.”
The PRP said it “acknowledge[s] the courage and commitment of the EFCC to uphold justice and integrity within our financial and public service sectors.”
The party, however, insisted that Adamu should step aside from office to allow unhindered investigation and legal proceedings.
“Additionally, we strongly urge the Commissioner of Finance, Yakubu Adamu, to resign immediately to facilitate full cooperation with EFCC investigations and ongoing court proceedings,” the statement said, adding that, “This action will ensure that the effectiveness and operations of his office are not compromised during the process.”
The PRP also referenced the court proceedings involving the commissioner, noting that his arraignment at the Abuja Federal High Court was adjourned.
“We welcome the arraignment scheduled for today at the Abuja Federal High Court but note that it was, unfortunately, adjourned to December 30, 2025, by Justice Emeka Nwite,” the party stated.
The party urged the anti-graft agency to conduct a thorough and unbiased investigation, stressing that “it is imperative that justice is served without bias or favouritism, and that no individual, regardless of their position, is above the law.”
Beyond the immediate case, the PRP called on the EFCC to expand the scope of its probe.
“Furthermore, we call on the EFCC to widen its investigation to encompass the entire period during which Yakubu Adamu served as the Commissioner of Finance,” the statement said, adding that, “It is essential that the investigation scrutinizes all financial dealings, transactions, and decisions made under his tenure to ensure transparency and accountability.”
The party also urged the commission “to keep a close watch on all Bauchi State government officials and bring anyone found culpable to book.”
Reaffirming its stance against corruption, the PRP said, “Corruption remains a bane to our development, and it is necessary that all stakeholders work together to combat this menace decisively.”
The statement added that the party remains committed to “fighting corruption and promoting good governance in Bauchi State” and called on authorities to “expedite the legal process and ensure that justice prevails, thereby strengthening public confidence in our institutions.”
“As a party committed to good governance, transparency, and the rule of law, PRP will continue to monitor this case closely and advocate for justice and good governance at all levels,” the statement concluded.
Earlier on Wednesday, the Federal High Court in Abuja ordered the EFCC to produce Adamu in court on December 30 for arraignment over alleged N4.6 billion money laundering.
Justice Emeka Nwite gave the order after EFCC’s lawyer, Samuel Chime, failed to produce Adamu in court to take his plea.
He also threatened to sanction the prosecuting counsel if he failed to come with the defendant in the next adjourned date.
The News Agency of Nigeria (NAN) reported that although Adamu, alongside a firm, Ayab Agro Products and Freight Company Ltd, were listed for arraignment on Tuesday, the case could not proceed due to the absence of the EFCC’s lawyer and the defendants.
However, the defendants’ team of lawyers, led by Chief Gordy Uche, SAN, was in court.
Justice Nwite then adjourned the matter until December 24 for the defendants to take their plea.
When the matter was called on Wednesday for the defendants to take their plea, Adamu was not in court.
Chime then tendered an apology for his inability to be in court the previous day.
He said though the matter was scheduled for arraignment on Wednesday, the prosecution had a few challenges.
While Adamu is the 1st defendant, Ayab Agro Products and Freight Company Ltd is the 2nd defendant in the six-count charge marked: FHC/ABJ/CR/694/2025.
In count one, Adamu, while acting as the Branch Manager of Polaris Bank Ltd, Bauchi, alongside Ishaku Mohammed Aliyu, Managing Director of Makayye Investment Resources Ltd (now at large) and Muntaka Mohammed Duguri (now at large), were alleged to have conspired to commit the offence, sometime between June 2023 to December 2023.
They were alleged to have facilitated and agreed to the conversion, transfer, concealment and use of funds in the sum of about N4,650,000,000.00 (Four Billion, Six Hundred and Fifty Million Naira) availed by Polaris Bank under the guise of financing the supply of motorcycles to Bauchi State Government through Emmanuel Asomugha General Enterprises.
Count six accused Adamu, Aliyu and Duguri of retaining and causing the transfer of proceeds of an unlawful act to nominees and third parties, by causing parts of the funds connected with the Polaris Bank facility to be paid and circulated through third-party accounts sometime in 2023.
It further alleged that the transfer included the one made through I.S. Makayye Investment Resources Ltd and the transfer of N165,900,000.00 to Ayab Agro Products and Freight Company Ltd.
The funds were said to form part of proceeds of an unlawful act.
The offence is contrary to Section 20(a) and punishable under Section 20 of the Money Laundering (Prevention and Prohibition) Act, 2022, among other counts.