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.

David Adesina     Adisa Logun     Kwara Hotel     Ganmo Power Sub-Station     Sadiq Buhari     Ileloke     Aliyu Alhassan     Mope Dasuki Belgore     Tsaragi     Shuaibu Yaman     Abubakar Abdullahi Bata     Abiodun Jacob Ajiboye     AGILE Programme     Waziri Yakubu Gobir     Aminu Ado Bayero     Abdullahi Atanda     Voices Of Tomorrow     Salihu Ajibola Ajia     Hassan Oyeleke     Saduki Lafiagi     Ilorin Anchor Men And Women     Ayo Adeyemi     Ijagbo     Bamikole Omishore     Riskat Opakunle     Galadima     Muhammed Mahe Abdulkadir     Farouk Salim     Ahmed Dankaya     Biliaminu Aliu     Shaaba Lafiagi     Aso Ofi     Aliyu Muhammad Saifudeen     Mohammed Ghali Alaaya     Amule     Tinubu Legacy Forum     Iliasu     NNPP     COEASU     Sarafadeen Kayode Akorede     Olayinka Are     Hassan Abdulazeez Elewu     Yomi Adeboye     Kale Bayero     Moronfoye     Yaman     Federal Road Maintenance Agency     Bolaji Abdullahi     Local Government     Babs Iwarere     Akanji     Isin     Akorede     Mahe Abdulkadir     Orire     Ilesha-Gwanara     Atunwa     Oke-Ogun     Oladipo Akanmu Tolani     Oladimeji Thompson     Toyosi Thomas     Abubakar Usman Jos     Moro     Shuaibu Yaman Abdullahi     Ishaq Abdulkarim     KWATMA     Ilorin South     GRA     Universal Basic Education Commission     ASUU     Federal Polytechnic Offa     Haruna Olawale Sulaiman     Nigerian Medical Association     Abdulrazaq Solihudeen     Issa Manzuma     Kwara North     Olota Of Odo-Owa    

Cloud Tag: What's trending

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

Sadiq Umar     Muhammad Mustapha Suleiman     Jimoh Saadudeen Muhammed     Mutawali     Kwara State Geographic Information Service     Sanusi Abubakar     Ahmad Lawan     Ajia-Bako     Folashade Omoniyi     Afonja     Saliu Ajia     Egbewole     MATTA Girls Foundation     Fareedah Dankaka     Democracy Day     Oba Abdulkadir La\'aro     Kwara NIPR     AbdulRaheem Ahmad Shayi     Olupako Of Share     KWASIEC     Olaitan Buraimoh     Air Peace     Micheal Imoudu     Bello Abubakar     KWASAA     Mazars Consulting     Sheikh Ariyibi     Deji Ajani     Prince Sunday Fagbemi     Adamu Atta     Olaiya Victor Mobolaji     Sanitation Exercise     Offa Metropolitan Club     Solomon Edoja     Oloriegbe     Olohungbebe     Smart School     Bashirat Bola Bello     Akume     Belgore     Nnazua     James Kolo     Valsolar Consultoria     Gaa Olobi     Mohammed Abduraheem     Oba Sulaiman Asude     Tope Daramola     Abdul Jimoh Mohammed     Monthly Sanitation     11th Galadima     Hijaab     Ibrahim Taiwo Road     Azeez Salawu     National Pilot     Bolakale Saka     Durosinlohun Atiku     Aliyu U. Tilde     MalHub     Saheed Popoola     Mamman Saba Jibril     Temi Kolawole     Ajibola Saliu Ajia     Muhammad Ghali Alaaya     Waheed Ibrahim     Just Law Forum     Elewu     Coronavirus     Shola Odetundun     Edret Sabi Abel     Olaitan Adefila     Folaranmi Aro     Special Agro-industrial Processing Zone     IF-K     Federal Allocation     Kehinde Boyede     KWSUED     AbdulKareem Yusuf Danhawa