ABUJA, 16th June 2026 – Northern Nigeria-focused journalist and social media commentator Bello Galadanchi, popularly known as Dan Bello, has published an online investigative video and report alleging that former Zamfara State Governor Abdul’aziz Yari was involved in the diversion of public funds totaling a claimed N1.7 trillion.
In the report, Dan Bello alleged that federal allocations were routed through a network of companies and proxies. He identified AJAP Financial Services as central to the alleged scheme, linking it to Abdullahi Abdulkareem Tsafe, whom he described as Yari’s former Chief of Staff.
According to Dan Bello, citing what he said were corporate CAC records and bank statements, AJAP Financial Services received over N1.7 trillion from federal sources. He used the figure to illustrate scale, claiming it could have renovated about 13,077 government schools nationwide, or roughly 363 schools per state.
The report further alleged that funds were broken into smaller transfers and moved to other private entities. Dan Bello named Asad Universal Concept, alleging it received N51.36 billion between 11th February 2023 and 11th December 2025. He linked the company to Abdulmalik Zubairu, whom he described as a political associate of Yari.
Dan Bello also alleged that portions of the funds were moved through Bureau De Change operators, naming Bur Juman General Merchant in Wapa market among them. He referenced Yarinya & Co Farms Limited in connection with a further alleged N80 billion transfer, which he said would be detailed in a promised “Part 2” of his investigation.
He further alleged, without providing public documentation in the initial report, that funds were transferred to personal accounts and to entities including the Al-Hikima Islamic Center. He also claimed that diverted funds were used to finance a public dispute involving musician Davido.
Concluding his presentation, Dan Bello questioned federal disbursements amid Nigeria’s ongoing security crisis in Zamfara and the wider North. He asked why such sums were allegedly being sent “when the country is suffering from severe insecurity and the military doesn’t have enough funds to fight it.”
The commentator said he would release further documentation and bank records in a follow-up report. He framed the video as part of ongoing citizen journalism aimed at scrutinizing public finance and accountability in Northern states.
The allegations, if substantiated, would point to one of the largest claimed diversions of federal funds tied to a state administration. The scale cited by Dan Bello has drawn wide attention on social media and among accountability advocates.
However, no court has examined or ruled on the claims. Former Governor Abdul’aziz Yari, Abdullahi Abdulkareem Tsafe, Abdulmalik Zubairu, and the companies named have not issued a public response to Dan Bello’s specific allegations as of press time.
Financial crime experts note that tracing N1.7 trillion would require verification through CAC filings, bank statements, EFCC/ICPC forensic audits, and Central Bank records. Such investigations typically take months and involve matching inflows, outflows, and end-use of funds.
The Zamfara context is significant. The state continues to grapple with banditry and security challenges that have strained public resources. Critics often question whether federal allocations translate into visible infrastructure and security outcomes for residents.
For the companies mentioned, corporate transparency rules require registered directors, shareholders, and filings with the Corporate Affairs Commission. Independent verification would need to confirm ownership, contract awards, and services rendered.
Legal analysts stress that in Nigeria, allegations of fraud or diversion must be proven beyond reasonable doubt. Until then, the constitutional presumption of innocence applies to all persons and entities named.
Editor’s note: These are allegations made by social media commentator Dan Bello in a video/report. They have not been proven in court. Former Governor Abdul’aziz Yari, the individuals, and companies named are presumed innocent unless proven otherwise by a court of competent jurisdiction.
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