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.

Ayo Salami     Bukola Ajikobi     Ayedun     Atiku     Hydroelectric Power Producing Areas Development Commission     Ilorin Emirate Staff Association     Olaitan Buraimoh     Is\'haq Modibbo Kawu     Halidu Danbaba     Yahaya Abdulkareem     Ilofa     Dagbalodo     Ayodele Shittu     Abdulmumini Sanni Jawondo     Michael Ologundea     Muslim Cementary     LAK Jimoh     Haliru Yahaya     Mufti Of Ilorin     Alagbado     Olayinka Oladapo Jogunola     Post-utme     Ahmed Alhasssan     Bello Oyebanji     Shaaba Lafiagi     Abdulganiyu Oladosu     Akeem Olatunji     Kawu     Abdulmumin Yinka Ajia     Ahmad Fatima Bisola     Air Peace     Logun     Olusin Of Ijara Isin     Toun Okewale-Sonaiya     Tunji Oyawoye     Yusuf Arowosaye     Yusuf Lawal     George Funsho Adebayo     Oluwatoyin Lukman     Summit University     Muhammad-Mustapha Suleiman     Omar Bolaji Gambari     Lucky Omoluwa     Jebba     Adamu B. Yaqubu     Owo Isowo     Prince Sunday Fagbemi     Muritala Olarewaju     Code Of Conduct Bureau     Sango-UITH Road     Waziri Yakubu Gobir     Usman Yunusa     RTEAN     Abdulmumini Jawondo     NIRSAL     Majlis For Sadaqah, Zakat And Waqf     Lafiagi     Omoniyi Ayinla     Siddiq Adebayo Idowu Salawu     Ike Ekweremadu     Salman Suleiman     Ilesha Gwanara Road     African Democratic Congress     KFA     Economic And Financial Crimes Commission     Alfa Yahaya Road     Ophthalmological Society Of Nigeria     Sambo Murtala     Admiralty Villa     Orire     Shehu Alimi Foundation For Peace And Development     Abdulrazaq Sanni     Laboratory-to-Product     Adedeji Onimago     Sa\'adu Salahu     Titus Ashaolu     IHS    

Cloud Tag: What's trending

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

Bolaji Gambari     Www.Kwarareports.com     Muftau Akanbi Oke     Maigida Soludero Transit     MalHub     Olota Of Odo-Owa     Kabir Shagaya     Ridhwanullah Al-Ilory     YAKOOYO     Abikan     Abdulrazaq Sanni     Mukhtar Shagaya     KWSUED     Ganmo Electricity Sub-Station     Funmilayo Braithwaite     Abdullah Janet Amudat     Ado Ibrahim     Lotus Bank     CLAY POT     Borgu     Police Commissioner     Ibrahim Mashood     Isiaka Saka Opobiyi     Yomi Ogunsola     Presidential Election     Onilorin     Aminu Ado Bayero     Iyabo Adisa Ibiyeye     Saliu Ajibola Ajia     Abubakar Aliagan     Amuda Bembe     Tuesday Assayomo     Adisa Logun     Fatimoh Lawal     Ayinde Oyepitan     Kanu Agabi     School Of Nursing     Mufutau Olatinwo     ARMTI     Bamidele Aluko     KWAFFA     Umar Adelodun     Abdulmalik Bashir Mopelola Risikatullahi     AbdulFatai Adeniyi Dan-Kazeem     Adama Isa     Odo-Owa     Raliat AbdulRazaq     Saliu Alamoyo     Farouk Salim     Egbewole     Senate     Temi Kolawole     Titus Ashaolu     Ibrahim Jawondo     Opolo Global Innovation Limited     Aliyu Olatunji Ajanaku     New Naira Notes     Nigerian Supreme Council For Islamic Affairs     Iyiola Oyedepo     Ifelodun     M.Y. Abdulrahaman     Diagnostic Centre     Abubakar Olusola Saraki     Kayode Ibrahim     Makama Of Kaiama     Oke-opin     Amos Sayo     Salihu Alhaji Musa     Oro Grammar School     AbdulRazaq AbduMajeed Alaro     Dumagi     Manzuma     Voices Of Tomorrow     Kwara State Branch Of The National Library     Iyabo Dupe Adekeye     Agor Market     Aisha Buhari