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.

TIC     Zubair Folorunsho Erubu     Wahab Isa     James Kolo     KSIRS     Abdulmumini Jawondo     Barakat Community Secondary School     HAMFAT Clinic And Maternity     IFK     Hauwa Nuru     Saudat Abdulbaqi     Ethical College     Amos Justus Sayo     Abdulrahman Abdulrazaq     Suleiman Ajadi     Ilorin Airport     Adebara     Ilorin Emirate Stakeholders Forum     Yoonus Kola Olatinwo     Aremu Bose Deborah     Ilorin General Hospital     Nigerian Medical Association     Lola Ashiru     Ilorin Descendants Progressive Union     Hamidat Sulyman-Yusuf     Abubakar B.M     IQRA College     Baba Issa     Ronke Adeyemi     KWASSIP     Yahya Mohammed     Aisha Abodunrin Ibrahim     Abdul Jimoh Mohammed     Charcoal     Mahe Abdulkadir     Adeola Abraham     Yusuf Abdulraheem     Metro Park     LABTOP     Government High School (GHS), Adeta     Ibrahim Mashood     Kpotum Mohammed Baba     Falokun-Oja     Al-Adaby     Ghali Muhammed     National Association Of Nigerian Students     Oke-Kura     Abdulmumini AbdulRazaq     Femtech     Elesie Of Esie     Bareke     EndSARS     Balogun Gambari     Mahmud Ayinla Giwa     Joseph Daudu     Prince Mahe Abdulkadir     Jumoke Gafar     Abdulrasaq Alaro     Ajibike Katibi     Mohammed Tunde-Jimoh     GANZY     Ndama Al-hassan     Alapado     Sidikat Alaya     AbdulGafar Tosho     Olubukola Kifayat Adedeji     Michael Ologundea     Yinka Aluko     Dar-Al-Handasah Consultants     Kwara United     New Model Police Station     Saka Asiat Ayinke     Rotimi Atere     Jani Ibrahim     Kola Shittu     Talaka Parapo     AbdulFatai Adeniyi Dan-Kazeem    

Cloud Tag: What's trending

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

Rachael Obisesan     Omotoso Musa     Summit University     Abdulmutalib Shittu     Marufat Oladosu     Al-Ilory     Halimat Yusuf     Jani Ibrahim     Quran     Salaudeen Oyewale     Principal Private Secretary     Esinrogunjo     Olatunji Abdulmumeen     Saliu Shola Taofeek     Folashade Omoniyi     Saliu Tunde Bello     IFK     Ibrahim Abdulkadir Abikan     Oloruntoyosi Thomas     Tinubu Legacy Forum     Durbar Festival     REO CAKES     Funmilayo Isiaka Oniwa     Joseph Daudu     Igbomina     LAK Jimoh     Government House     Modibbo Kawu     Bature Bello     Abdulraheem Yusuf     Iyabo Dupe Adekeye     Donatus Ejidike     Arik     Yusuf Abdulwahab     Kwara Central     Hydro-electric Power Producing Areas Development Commission     Issa Baba     Mogaji Aare     Akanbi-Oke     Ilorin Talaka Parapo (ITP)     Sarah Jubril     Oloye     Yakubu Shaaba     Asiwaju Bola Tinubu     Coalition Of Kwara North Groups     Raji AbdulRasaq     Shonga Farm Project     Hamza Usman     Monsurat Omotosho     AbdulRauf Keji     Yinka Aluko     Aliyu Olatunji Ajanaku     Oro Grammar School     Oniwasi Agbaye     Radio Kwara     Binta Abubakar Mora     Ebola     Shuaib Jawondo     Ajasse-Ipo     NAWOJ     Bolaji Nagode     Afolabi-Oshatimehin Adenike Harriet     Tunde Idiagbon Road     Omotosho     Senior Ibrahim Suleiman     Oniwa     Kaiama     2017 Budget     JSSCE     Muhammad Yahya     Shuaib Boni Aliyu     Tunji Folami     Haruna Tambiri Mohammed     Kayode Laro     Ganmo Electricity Sub-Station     Ishaq Abdulkarim     Sherif Sagaya