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.

Joseph Yemi Ajayi     Peculiar Allowance     NaAllah     Suleiman Idris     Illyasu Abdullahi     Maigida Soludero Transit     KW-GIS     Dan Iya Of Ilorin     Muritala Olarewaju     Sa\'adu Salahu     Communication Network Support Services     Kwara State Fish Farmers Association     March 18     A.G.F Abdulrasaq     KWACOBPA     Afonja     John Kehinde Salako     Gobirawa     Adesina Simon Sodiya     IHS Towers     Abdulrasheed Lafia     Kwara     SUBEB     Oba Abdulraheem     TVC Female National Debate     Coalition Of Kwara North Groups     Omu-aran     Alfa Modibo Belgore     Nigeria Computer Society     Abdulkadir Orire     Ahman Pategi     Maryam A. Garuba     Kola Ologbondiyan     Kwara Poly     Muhammed Mahe Abdulkadir     Haruna Tambiri Mohammed     Kolawole Bashirat     Christian Association Of Nigeria     Majlis For Sadaqah, Zakat And Waqf     Sheikh Hamzat Yusuf Ariyibi     Quareeb Islamic Association     Radio SBS     Aso-ofi     Kemi Adeosun     Jumoke F. Ajao     Elerin Of Adanla     Emmanuel Olatunji Adesoye     Ahmed Ayinla Jimoh     Tunde Kazeem     Bisi Oyeleke     Adebara     Ilorin Innovation Hub     Hameed Oladipupo Ali     Olawuyi     Roheemat Hammed     Ojuekun Sarumi     Abubakar B.M     Saka Adeyemo     Olatunji Bamgbola     Muritala Awodun     Jumoke Gafar     Adaramaja     Ahmad Lawan     Ishak Mohammed Sabi     Kayode Oyin Zubair     ITEM 7     Afin Descendants Union Of Odo-Owa     Mohammed Saidu     Isiaka Gold     Aiyedun     Abubakar Olusola Saraki     Oluronke Adeyemi     Olusola Saraki     Ilorin East/South Federal Constituency     Kanu Agabi     Offorjama     IQRA College    

Cloud Tag: What's trending

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

CUTI     Presidential Election     Shagari     Onilorin     Salami Adekunle     Hausa     Ahmed Ayinla Jimoh     Solomon Edoja     Mahmud Ajeigbe     Aliyu Adebayo     Risikat Lawal     Vasolar Consultoria     CKNG     Jare Olatundun     Olukotun Of Ikotun     Lawal Jimoh     Agbarigidoma     Ganiyu Abolarin     Maigida Soludero Transit     Kwara Pdp     Issa Memunat Moyosore     Ibrahim Abdulkadir Abikan     Hamidu Olowo     Pacify Labs     Oni Adebayo     Sai Kayi     Abdulganiyu Oladosu     Ganmo Power Sub-Station     Balogin Alanamu     Aliyu Salihu     Bureau Of Lands     Kwara 2019     Muhammed Mahe Abdulkadir     Ibrahim Oniye     Clara Nwachukwu     Ibrahim Abdulqadir Abikan     Doyin Group     Benin Republic     Soffiyyallah Kamaldeen     Coronavirus     07039448763     Okedare     Taofik Abdulkareem     MAI Akande     Taibat Ayinke Ahmed     Sarah Alade     Toyosi Thomas     Zulu Gambari     Olaitan Buraimoh     Budo Egba     Ayinke Saka     Local Government     Ajayi Okasanmi     Kunle Okeowo     Lawal Arinola Kudirat     Ilorin Emirate     Kwara State Sports Commission     Baba Adini Of Kwara State     Ibraheem Adeola Katibi     Olokoba Abdullahi Ayinla     National Party Of Nigeria     Metro Park     Owo Isowo     Isiaka AbdulRazaq     Ogidi-Oloje     Okiki     Bashir Badawi     Muhammad Akande Olarewaju Odunade     Owu Fall     CELF     Abdulmalik Bashir Mopelola Risikatullahi     Sun Qing Rong     Michael Nzwekwe     Hauwa Nuru     Ijagbo     Neo Mundo Ltd     Oluronke Adeyemi