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.

Age AbdulKareem     Aisha Abodunrin Ibrahim     Kayode Laro     Chief Imam Of Omu-Aran     Eleyele     Shao     ENetSuD     Muhammed Akanbi     Ahmad Lawan     Saka Aleshinloye     Adebara     Oba Of Jebba     Adanla-Irese     Geri-Alimi Split Diamond Interchange     Tsaragi/Share     Sheikh Ridhwanullah     Demola Banu     COVID-19 Palliatives     PharmAccess Foundation     Abdulfatah Ahmed     Ayinde Oyepitan     Javed Khan     Razaq Atunwa     Shade Omoniyi     Ilorin Descendants Progressive Union     Shettima Of Ilorin     Makama Of Ilorin     University Road     Elerinjare-Ibobo     N-Power     Ojuekun Sarumi     Yusuf Lawal     Okin Group     Issa Memunat Moyosore     Yusuf Arowosaye     Suleiman Mora Omar     Oko Erin     Ibrahim Oloriegbe     Majlis For Sadakah, Zakat And Waqf     Aliyu U. Tilde     Umar Ayinla Saro     Olajumoke Monsura Gafar     Ojuekun     KWASAA     Reuben Paraje     Sabo-Oke     Ilorin Emirate Stakeholders Forum     Shehu Alimi Foundation     Benin Republic     2023 Elections     Saudat Abdulbaqi     Nigeria Computer Society     Orisa Bridge     College Of Health     Mansur Alfanla     GANZY     Yusuf A. Usman     Sun Qing Rong     Pakata     Chief Imam Of Lafiagi     National Pilot     Afonja     Ishaq Salman     Okin Biscuits     LAK Jimoh     JUSUN     Emir Of Kano     Ishola Balogun Fulani     Joseph Alex Offorjama     Olohungbebe     Yahaya Seriki Gambari     Olatunji Ayeni     COVID     IEDPU     Adamu Attah     Kayode Oyin-Zubair     Wahab Agbaje    

Cloud Tag: What's trending

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

Esinrogunjo     Ilesha Gwanara Road     Societe Generale Bank Of Nigeria     Abdulganiyu AbdulAzeez     Garuba Alikinla Shittu     Wahab Olasupo Egbewole     Azeez Bello     Summit University     Abdulahi Abubakar Bata     Kwara 2015     Suleiman Rotimi Iliasu     Raliat AbdulRazaq     BECE     Ubandoma     Okanlawon Musa     Minimum Wage     IPSAS     Abdullahi Samari     Elese Of Igbaja     Aliyu Sabi     Ishaq Oloyede     Haruna Olawale Sulaiman     Abiodun Musa Aibinu     Waziri Yakubu Gobir     Sabi     Ilorin Anchor Men And Women     Benin Republic     Jalala     Soffiyyallah Kamaldeen     Abdulrahman Iliasu     Muftau Akanbi Oke     Saliu Ajibola Ajia     Alabere     Ganmo Power Sub-Station     John Obuh     Gafaru Olayiwola Olorisade     Unilorin     Doyin Agbamu     Oko-Erin     Ramat Oganija     Ndakene     Lafiagi     Prince Mahe Abdulkadir     Bio Ibrahim     Yusuf Abdulkadir     Rashidi Yekini     Alumni Association Of The Federal Polytechnic Offa     Ayo Opadokun     Tosho Yaqub     Bola Ahmed Tinubu     Yashikira     Vasolar Consultoria     Rotimi Atere     Taofik Abiodun Ahmed     Rabiu Kwankwaso     Shao     Abdulrahman Onikijipa     Mujtabah Bature     United Nigeria Congress Party     Oba Abdulrahim     PAACO-PCL Consortium     Okedare     Atunwa     Florence Saraki     Joseph Offorjama     CLAY POT     Quranic Recitation Competition     Chikanda     Crystal Corner Shops     PPS     Tunde Oyawoye     Samuel Olusegun Adedayo     Kwara Basketball Association     Shade Omoniyi     Isiaka Abdulrazak     Moronfoye     Abubakar Baba