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.

Ndakene     Akande Idowu Ayoola Muhammed     Wahab Isa     Kwara Pdp     Mutawali Of Ilorin     Post Utme     Kunle Suleiman     Yusuf Abdulkadir     Saka Adeyemo     Ahmad Lawan     ITP     Sarafadeen Kayode Akorede     Ola Falade     Tunde Yusuf     Ayobami Seriki     Sadiq Buhari     Olayinka Are     AbdulQowiy Olododo     COVID-19 Palliatives     AbdulRasaq Abdulmajeed Alaro     Sardauna Of Ilorin     Olomu     MATTA Girls Foundation     Haruna Olawale Sulaiman     Olabimpe Olani     IHS     Fola Consultant     Funmilayo Zubair     Ilorin Talaka Parapo (ITP)     Titus Ashaolu     Bola Olukoju     Olaiya Victor Mobolaji     Ayo Salami     Curfew     Sidikat Alaya     Goodluck Jonathan     Aliyu Kora Sabi     Abdulganiyu Salahudeen     Yaman     Minimum Wage     Tafida Of Ilorin     Sun Qing Rong     Facemasks     Abiodun Musa Aibinu     Abikan     Gbenga Awoyale     Amusa Bello     International Aviation College     Amada Jidda     Alapansapa     Charcoal     Kale Bayero     Anilelerin     Belgore     Afolabi-Oshatimehin Adenike Harriet     Abdulganiyu AbdulAzeez     Saliu Oluwole     Salary     Lotus Bank     Usman Yunusa     Kwasu     Lanre Issa-Onilu     Kwara Primary Health Care Development Agency     Crystal Corner Shops     Amoyo     Aliyu Sabi     Jeunkunu-Malete-Bani     Rex Olawoye     Alikinla     Ahman Pategi University     IESA     Orisa Bridge     Student Learning Support Helpline     Sabo-Oke     Ahmad Olanrewaju Belgore     Dunmade     Adeniyi Ojo    

Cloud Tag: What's trending

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

Kayode Yusuf     MATTA Girls Foundation     Mamatu Abdullahi     Abubakar Abdulraheem     Sa\'adu Salahu     TVC Female National Debate     Babatunde Ishola Babaita     Muhammad-Mustapha Suleiman     Kamaldeen Ajibade     Omupo     Tsaragi-Share     Okasanmi Ajayi     Abdul-Rahoof Bello     Wahab Kunle Shittu     Aliyu Salihu     Demola Banu     Kemi Adeosun     Babatunde Ajeigbe     Babatunde Idiagbon     Odolaye Aremu     Olokoba     Elections     Bamikole Omishore     Muhammadu Gobir     Ajeigbe     Kwara State Council Of Chiefs     KWASAA     Ganmo Electricity Sub-Station     Mohammed Kamaludeen     Jimoh Olusola Imam     Omoniyi M. Ayinla     Saad Omo Iya     Oke-opin     Sheikh Alimi     Moses Rahman Popoola     Bolaji Nagode     Aminu Ado Bayero     Kwara Restoration Project     Labour Party     Abdullahi AbdulMajeed     Moshood Kashimawo Abiola     Nigerian Medical Association     Kwara Poly     Ajibike Katibi     Ope Saraki     John Dara     Saad Omo\'ya     Dan-Kazeem     Emir Of Shonga     United Nigeria Congress Party     Tsado Manman     Ahmed Shuaib Buranga     Yahaya Abdulkareem     IFK     Christopher Odetunde     Musibau Akanji     Ishola Balogun Fulani     Opolo Global Innovation Limited     Omu Aran     Ayobami Seriki     Ibrahim Agboola Gambari     Adamu Attah     Unilorin FM     Sa\'adu Salau     Ubandawaki     Olosi Of Osi     Rashidi Yekini     Harmony Holdings     LEAH Charity Foundation     Radio SBS     Bello John Olanrewaju     Bayo Onimago     Ita-Ore     Forgo Battery     Ogidi-Oloje     Wasiu Odewale     Taofeeq Olateju