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.

Bolakale Saka     Ilorin West     Emir Of Lafiagi     Mohammed Khadijat Kubura     Abdulmutalib Shittu     TIIDELab     Saka Balikis Kehinde     Yusuf Amuda Aluko     Shola Odetundun     Magaji Erubu     James Ayeni     Ibikunle Ogunleye     Eleyele     George Innih     Lawal Jimoh     Radio Kwara     Arandun     Oke-Ode     Abdulkadri Ahmad Alaiye     Academic Staff Union Of Universities     Diagnostic Centre     Kayode Ibrahim     Afolabi-Oshatimehin     Amasa     Shaaba Lafiagi     Razak Atunwa     Chikanda     Veterinary Teaching Hospital     Ridwan Agboola     Muhammad Akande Olarewaju Odunade     Marafan Shonga     Haliru Dantoro     Habeeb Abdullahi Al-Ilory     Omotoso Musa     Millennium Development Goals     Mohammed Tunde-Jimoh     Jani Ibrahim     Mansur Alfanla     Lateef Alagbonsi     John Mayokun Dada     Funmilayo Zubair     JAAC     Amuda Bembe     Moronfoye     Abdulsalam A. Yusuf     Taofeek Ibraheem     Salami Adekunle     Shao     Ishaq Abdulkarim     Abdulrosheed Okiki     Curfew     Ibrahim Abduquadri Abikan     Yaman     Sarkin Malamai     Victor Gbenga Yusuf     Yahaya Abdulkareem     Hakeem Lawal     Alfa Modibbo Belgore     Muhammad Ghali Alaaya     Muhammadu Buhari     Kwara Primary Health Care Development Agency     John Dara     Ilorin East     Kulende     Kolawole Bashirat     Kwara     Tsaragi/Share     Christopher Tunji Ayeni     Apata Ajele Secondary School     Apaokagi     Belgore     Ohoro Of Shao     Isiaka Saka Opobiyi     Neo Mundo Ltd     United Nigeria Airline     Abdulrahman Abdulrasak     Imodoye Writer’s Enclave    

Cloud Tag: What's trending

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

All Confederation Of Principals Of Secondary Schools     Oko-Erin     PharmAccess Foundation     Awili Pedro     First Lady     Ahmed Ayinla Jimoh     Yemi Sanni     Salihu Ajibola Ajia     GANZY     Saidu Kawu     Salihu S. Yaru     Sulu Babaita Isiaka     Garment Factory     Voices Of Tomorrow     Ebola     Abikan     Mutawalle     Ella Supreme Tissue Paper     Code Of Conduct     Baboko Primary School     Benin Republic     Ajuloopin     Gobir     Raliat Islamic Foundation     SUBEB     Kwara Primary Health Care Development Agency     David Oyepinola Adedumoye     Ilorin Water Reticulation     Olatunde Michaels     Saad Omo\'ya     Oladipo Akanmu Tolani     Abubakar Lah     Dele Momodu     Park     TESCOM     Taofeeq Olateju     Twitter     Kassim Babamale     Zaratu Umar     Atiku Abubakar     Jamiu Oyawoye     Suleiman Idris     Umar Gunu     MINILS     Otuka     Toyin Abdullahi     Adamu Jemilat-Baki     Quranic Recitation Competition     Musa Abdullahi     Taiwo Joseph     Shoprite     Sulyman Atolagbe Alege     Onilorin     Clement Yomi Adeboye     Ballah     Memunat Monsuma     Toyin Saraki     KWASEIC     Makama Of Kaiama     Toyosi Thomas     State Bureau Of Internal Revenue     Dauda Adeniran Adeshola     Students Union Government     Eghe Igbinehi     Esinniobiwa Quareeb     Osuwa     Abegunde Goke     Oro Grammar School Old Students Association     LEAH Charity Foundation     April 11     Alaro     Abdulrazaq Adebayo     Peter Obi     Sayomi     Adolescent Girls Initiative For Learning And Empowerment     Kwara State Governor     Sulyman Tejidini