Court grants N200m bail to ex-Kwara finance commissioner, Ademola Banu

Date: 2020-02-11

A Federal High Court sitting in Ilorin on Monday granted N200 million bail to former Kwara State Commissioner for Finance, Ademola Banu.

The Ilorin Zonal Office of the Economic and Financial Crimes Commission had on January 29 arraigned Banu and one Olarewaju Adeniyi before Justice Babangana Ashigar on a nine-count bordering on money laundering.

The charge sheet read, "That you, Olarewaju Adeniyi, Ademola Banu and Travel Messenger Limited between January to December 2018 in Ilorin conspired among yourselves to commit an offence to wit:

"Conversion of the sum of N411 million, the property of Kwara State Government which sum you reasonably ought to know was derived from fraud."

The defendants were alleged to have contravened Section 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 15(3) and (4) of the same act.

Ruling on the bail application, Ashigar admitted each of the defendants to bail in the sum of N200 million with one surety in like sum.

"The surety is to have a landed property in Ilorin and must submit the Certificate of Occupancy to the Registrar of this honourable court which should be verified by the EFCC," the judge added.

Ashigar ordered the defendants to deposit their travel documents including passports, forbidding the defendants from travelling out of the country without the permission of the court.

Ashigar also directed that the two defendants should remain in the custody of EFCC in Ilorin until they perfected their bail conditions.

The case was adjourned till February 24 for the commencement of trial.

(NAN)

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Universal Basic Education Commission     Osuwa     Ilorin Talaka Parapo     Adedeji Onimago     Tunji Folami     International Aviation College     Maigida Soludero Transit     HAMFAT Clinic And Maternity     Jide Oyinloye     Abiodun Oyedepo     Sarakite     IESA     Bolaji Abdullahi     Ramadan     AGF Abdulrazaq     AbdulQowiy Olododo     Labaeka     Ajia-Bako     Bolaji Gambari     Post Utme     Gani Saadu     Olaiya Lawal     Ayedun     Principal Private Secretary     Mogaji Aare     Oasis Muslim Care Foundation     Durbar Festival     AbdulRasaq Abdulmajeed Alaro     Awoye     Onilu     Bola Ahmed Tinubu     Abdulganiyu AbdulAzeez     John Mayokun Dada     Isiaka Alikinla     Kwarareports     Yekini Adio     Centre For Digital Economy     Press Release     Budo-Egba     Owo Arugbo     Yusuf Abdulkadir     Alaiye     John Olajide Adedipe     Moses Salami     Ojo Fadumila     Popo-Igbonna     Unilorin     Olugbense     Olupako Of Share     Donatus Ejidike     Kamaldeen Gambari     Aremu Odolaye     Kola Olota     Micheal Imoudu     Oloye     Muideen Olaniyi Alalade     Baba Isale     Mope Dasuki Belgore     Hussein Olokooba     Yaru     Magaji Erubu     Maryam Ado Bayero     Okin Biscuits     Wahab Egbewole     Public Holiday     Overland     Ilesha Gwanara Road     Joseph Alex Offorjama     Olota Of Odo-Owa     George Funsho Adebayo     Yakubu Danladi     Rihanat Ajia     Haruna Olawale Sulaiman     Elese Of Igbaja     Facemasks     Ilesha-Baruba-Gwanara     Amina Susa\'a De Ahmed    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Olokoba Sulyman     Suleiman Abubakar     Mahmud Durosinlohun Atiku     Atiku Abubakar     Damilola Yusuf     Olaitan Adefila     Offa Descendants Union     Doyin Group     Haliru Yahaya     Ezekiel Yissa Benjamin     Khadijat Ayoola Yusuf     Omotoso     Adegoke Bamidele     Isau     Kwara Volleyball Association     Lanre Badmus     Ayobami Seriki     Budo Egba     Muhammad Mustapha Suleiman     Yahaya Abdulkareem Babaita     Alfa Modibo Belgore     Taofeek Sanusi     Babajide Ajayi     Oba Abdulraheem     Association Of Kwara State Online Media Practitioners     Hussein Oloyede     Suleman Abubakar     Musa Abdullahi     Tunde Kazeem     Mohammed Yisa     Babatunde Ajeigbe     James Kolo     Ibrahim Taiwo     Kwara University Of Education     Tunji Moronfoye     2023 Elections     Funmilayo Braithwaite     Rafiu Olasile     Lateef Fagbemi     Idowu Laro     Abdulrazaq Solihudeen     Facemasks     Smart School     Amuda Musbau     Ajeigbe     Shade Omoniyi     Bureau Of Lands     Folajimi Aleshinloye     Tunde Akanbi     Royal FM     Salman Alada     Ilofa     John Olobayo     Abubakar Abdulraheem     Dan-Kazeem     Ilorin General Hospital     Joseph Daudu     Saba Mamman Daniel     Isiaka Alikinla     Agboola Babatunde     Isiaka Rafiu Mope     Dasuki Belgore     Mope Dasuki Belgore     Elewu     IYA ALFA NLA     Razak Atunwa     Kwara State Television (KWTV)     Nigerian Supreme Council For Islamic Affairs     Oba Abdulrahim     ER-KANG Mining Nigeria Company Limited     Joana Nnazua Kolo     Muhammed Taofeeq Abdulrazaq     Saheed Popoola     National Broadcasting Commission     Samuel Adedoyin     Oja-Oba     Mohammed Ibrahim