A former Governor of Adamawa State, retired Rear Adm. Murtala Nyako, has opted for an out of court settlement in a N29 billion alleged fraud.
Nyako was arraigned by the Economic and Financial Crimes Commission, EFCC in 2015.
When the matter was called on Friday ,the prosecuting counsel, Mr Rotimi Jacobs, SAN told the court that both parties were currently in discussions to ensure an amicable settlement of the case.
According to Jacobs, by the next adjourned date, we should be able to resolve all the details of the settlement so that my lordship can dispose of this matter.
“If we get a week’s adjournment, we will be able to resolve this,” Jacobs said.
Counsel to Nyako, Mr Michael Aondoaka, SAN also confirmed to the court that discussions had reached an advanced stage for an out-of-court settlement.
“I am positive that this matter will be resolved amicably,” Aondoaka said.
Following the consent of other counsel, Justice Peter Lifu adjourned the matter until July 18 for report of settlement.
NAN also reports that the trial has been on for 10 years as it began on July 8, 2015 before Justice Evoh Chukwu.
The trial, however, started afresh on Sept.12, 2016 before Justice Okon Abang, following the demise of Justice Chukwu on June 8, 2016, after the prosecution had already called five witnesses.
The trial, had to again, start afresh before Justice Peter Lifu following the elevation of Justice Abang to the Court of Appeal after the prosecution had called 21 witnesses.
