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.

Suleiman Idris     MMWG     Kazeem Oladepo     Wakilin Mata Lafiagi     Elelu     Hassan Taiye Salam     International Aviation College     Segun Olawoyin     Tsaragi-Share     Idofin     Dele Momodu     Ado Ibrahim     Chemiroy Nigeria Limited     Raji Ayodele Kamaldeen     IF-K     Sam Okaula     Arinola Lawal     Abatemi Usman     Abdulmutalib Shittu     Yahaya Oloriegbe     Sola Saraki Educational Foundation     Igbomina     Ojuekun     Habeeb Abdullahi Al-Ilory     Mohammed Ghali Alaaya     Mufti Of Ilorin     Esinrogunjo     Umar Bayo Abdulwahab     Asa     First Lady     Ijakadi     Col. Ibrahim Taiwo     Lithium     Nigeria Association Of Women Journalists     Dauda Adesola     Haliru Dantoro     Ibrahim Gambari     Fatimah Abdulkadir     UNILORIN Alumni Association     Muhammadu Gobir     Halimah Perogi     Ella Supreme Tissue Paper     Shuaib Olarongbe     Christopher Tunji Ayeni     Prince Mahe Abdulkadir     Ilorin Anchor Men And Women     Olomu     AbdulRazaq Abubakar Jiddah     C2c@kwarastate.gov.ng     Oke-Odo     Bukola Saraki     Odo-Owa     Kisra     Asa LGEA School     Federal College Of Education (Special), Afon     Jumoke Gafar     Aro Yahaya     PAACO-PCL Consortium     IsDB     Majlis For Sadaqah, Zakat And Waqf     Hamza Usman     Siddiq Adebayo Idowu Salawu     Cornelius Adebayo     Madawaki     Abdulrazaq Magaji     Abdulfatai Salman Baakini     Flights To Ilorin     Tanke Flyover Bridge     Tayo Alao     Otuka     Amos Justus Sayo     Olatunde Michaels     Obuh     Gobir     Muhammed Abdullahi     Aishat Mohammed Lawal     Ilorin Talaka Parapo    

Cloud Tag: What's trending

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

Owode Market     Abdullahi G. Mohammad     Mazars Consulting     Oke-Oyi     Awodun     Olomu     Taofik Mustapha     Muftau Akanbi Oke     Lukman Oyebanji Fagbemi     Oke-Ero     International Aviation College     Pakata     Valsolar-Kwara Company Limited     Agor     Abubakar Bature Sulu-Gambari     Turaki Of Ilorin     Ahmed Ayinla Jimoh     Kwara Restoration Project     Presidential Election     Yusuf AbdulRasheed     Chief Imam Of Offa     NIPR     Muhammad Sirajo Aliyu     African Democratic Congress     Omu Aran     Mufutau Olatinwo     Oko     Maigida Soludero Transit     Baba Adini Of Kwara State     Abdulsalam A. Yusuf     National Broadcasting Commission     Bolakale Kawu     Kale Kawu     Nigerian Correctional Service     Valsolar Consortium     Matthew Okedare     Peculiar Allowance     Rex Olawoye     Volunteers Of Ilorin Community And The Emirate     Bayo Ajia     CKNG     Forgo Battery Company Limited     Elelu     Muhammadu Gobir     Abdulrauf Yusuf     Bola Tinubu     Societe Generale Bank Of Nigeria     Musa Abdullahi     Lanre Olosunde     Buhari     Kamaldeen Kehinde     20 Billion Bond     Simeon Sule Ajibola     Alabere     Kwara Metro Park     Biliaminu Aliu     EndSARS     Oluwatoyin Lukman     Noah Yusuf     Ramat Oganija     Tunde Kazeem     Muhammad Ghali Alaaya     Jimba Babatunde     Ganiyu Abolarin     Omar Gambari     Moronfoye     Igosun     Seni Saraki     Dagbalodo     Kwara South     Adijat Adebiyi     KwaraLearn     AbdulHakeem Ajibola Akanbi     Yunus Lawal     Convocation Ceremonies     Moshood Kashimawo Abiola     ANCOPPS