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.

Innocent Okoye     Sa\'adu Gambari     Ndama Al-hassan     Bankole Omishore     Tsaragi/Share     Otuka     IPSAS     Olanrewju Okanlawon Musa     Abdulfatah Ahmed     Admiralty Villa     Dogara     Yaru     Association Of Kwara State Online Media Practitioners     Royal FM     Omu-aran     Neo Mundo Ltd     IFK     NIPOGA     COVID-19 Palliatives     Simeon Ajibola     Rafiu Olasile     Adanla-Irese     Sarafadeen Kayode Akorede     Abdulrazaq Aiyelabegan     Akande Idowu Ayoola Muhammed     Matthew Babaoye     Yinka Aluko     Adebara     Oke-Odo     UTME     Ayedun     Muhammad Sirajo Aliyu     Ilorin.Info     Coronavirus     Ganmo Power Sub-Station     Saadu Gbogbo Iwe     Teachers Specific Allowance     Monthly Sanitation     Popo-Igbonna     Lateef Alagbonsi     Wole Oke     Lucky Omoluwa     Abdullahi AbdulMajeed     Abdulkadri Ahmad Alaiye     NTA Ilorin     Abubakar Olusola Saraki     Ibrahim Taiwo     Oluronke Adeyemi     Nnazua     Aisha Abodunrin Ibrahim     Ebola     Abdulquowiyu Olododo     Abdulhakeem Adelaja Amao     Sidikat Uthman Ajibola     Ileloke     Memunat Monsuma     Photo News     Saka Onimago     Ibrahim Jawondo     Abdulrazaq Magaji     Dorcas Afeniforo     Abdulrahman Abdulrasak     Ogidi-Oloje     Ella Supreme Tissue Paper     AbdulRauf Keji     Ayekale     Adijat Adebiyi     Ilorin Central Mosque     Umar Gunu     Femi Gbajabiamila     Tunde Akanbi     Hassan Saliu     Babaita     Ibrahim Abduquadri Abikan     Crystal Corner Shops     Unilorin FM     Sanitation Exercise    

Cloud Tag: What's trending

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

Ishaq Abdulkarim     Aliyu Muhammad Saifudeen     Magaji Are     Cornelius Adebayo     Ajibike Katibi     Abdullahi Atanda     Alore     Chief Imam Of Ilorin     Mohammed Ajia Ibrahim     Muhammed Akanbi     Ridwan Agboola     Kunle Suleiman     AbdulRazaq Jiddah     Gabriel Fashanu     Gwanara     Kayode Bankole     Sodiya     Ilorin Central Mosque     Raliat Islamic Foundation     John Olobayo     Ganiyu Taofiq     Y.A. Abdulkareem     Okin High School     Abdulquawiy Olododo     NTA Ilorin     Kunle Akogun     IESA     Kwara 2015     Oko     Amos Sayo     Onilorin     Abdulganiyu Oladosu     Bamidele Adegoke     Abdulsalam Firdaous Amosa     Erubu     Kwara     Ophthalmological Society Of Nigeria     Amoyo     Sebastine Obasi     Woro     Oloye     Mike Omotosho     Abdulkadir Orire     Afin Descendants Union Of Odo-Owa     Agboola Abdulraheem     Marufat Oladosu     Nigeria Foundation For Artificial Intelligence     Ahmed Saidu Rufai     Ronke Adeyemi     Oloruntoyosi Thomas     Ahmed Shuaib Buranga     Ndama Al-hassan     Saka Aleshinloye     Arandun     Yahaya Seriki     Mohammed Yisa     Sa\'adu Salau     Muslim Cementary     Kale Bayero     Imam Gambari     Maigidasanma     Abdulkarim Adisa     Dauda Adesola     ARMTI     Jani Ibrahim     Saad Belgore     Abdul Jimoh Mohammed     EFCC     Baba Idris     Ubandoma Of Ilorin     Omoniyi     Mashood Abdulrafiu Agboola     Tinubu     Pategi     Eruku     Umar Adelodun     IYA YUSUF