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.

Agbarigidoma     Hussein Olokooba     Kwarareports     Baba Adini Of Kwara State     Muyiwa Oladipo Kanu     Oba David Oyerinola Adedunmoye     Bukola Ajikobi     Raji Ayodele Kamaldeen     Doyin Agbamu     Rotimi Samuel Olujide     Olatinwo     Mohammed Abduraheem     Femtech     Ayo Opadokun     Ibraheem Abdullateef     Kolawole Bashirat     Maigida Soludero Transit     Edret Sabi Abel     Aasiyat Bello Oyedepo     Musa Aibinu     Bareke     Ayedun     Abdulfatah Ahmed     Odo-Owa     Muhammed Abdullahi     Umar Ayinla Saro     Ilorin West/Asa Federal Constituency     Akom Construction And Engineering Synergy Ltd     Isiaq Khadeejah     KWASSIP     Ashiru     Wole Oke     Aminat Omodara     Haruna Tambiri Mohammed     Yusuf Abdulkadir     AbdulKareem Yusuf Danhawa     Abdullahi G. Mohammad     Abatemi Usman     SSA Youth Engagement     Tescom.kwarastate.gov.ng     Aro Yahaya     Ramadan     Amos Justus Sayo     Bankole Omishore     Kunbi Titiloye     Kayode Zubair     KWSUED     Solomon Edoja     Saadatu Modibbo-Kawu     Ishola Moses Abiodun     Anilelerin     Wahab Isa     Maryam Ado Bayero     Abdulrazaq Aiyelabegan     Kpotum Mohammed Baba     Arinola Fatimoh Lawal     Ajibike Katibi     Oloje     Ahman Patigi     Kwara United     Saraki     Awili Pedro     Haruna Olawale Sulaiman     Maryam A. Garuba     COEASU     Ahmad Olayiwola Kamaldeen     Olanrewju Okanlawon Musa     Madawaki     Abdulahi Abubakar Bata     UNILORIN Alumni     YAKOOYO     Isin     A.G.F Abdulrasaq     Ramadhan     Dairo Kunle Paul     Amusa Bello     Kwara Apc    

Cloud Tag: What's trending

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

ER-KANG Mining     Abdulraheem Yusuf     Galadima     Zulkifli Ibraheem     National Pilot     Idris Garuba     Abdulhakeem Adelaja Amao     Special Agro-Industrial Hub     Ojuekun Sarumi     Yaman     UTME     Kwara North     Mahee Abdulkadir     BECE     Yahaya Abdulkareem     Oniye     Garuba Alikinla Shittu     Bamidele Adegoke     Wahab Abayawo     Modibo Kawu     Idris Garba     Turaki     Saudat Abdulbaqi     Tsaragi/Share     Sunset Workers     Egbewole     Okedare     Femtech     Abiodun Oyedepo     Yahaya Jibril Usman     Samari     Odolaye Aremu     Ibraheem Abdullateef     Nigeria Computer Society     A.O. Belgore     Saka Onimago     Kwara South     Abdulrazaq Solihudeen     Otunba Taiwo Joseph     Kayode Yusuf     Frootify     Bello Taoheed Abubakar     Lawan     New Nigeria People’s Party     Adegoke Bamidele     Ganmo     Kwara Polytechnic     Mohammed Jimoh Faworaja     Press Release     Sarkin Malamai     Solomon Edoja     Yahaya A Paniyaro     Hakeem Idris     Erin-ile     Balogun Ajikobi     Abubakar Bature Sulu-Gambari     Federal Neuro-Psychiatric Hospital     Suleiman Alege Kuranga     Sobi FM     Yoruba     Apata Ajele Secondary School     Muhammad Yahya     C2c@kwarastate.gov.ng     Muftau Akanbi Oke     Olota Of Odo-Owa     Dar-Al-Handasah Consultants Ltd     Abdul-Rahoof Bello     Doyin Awoyale     Okin Biscuit     Idris Amosa Oladipo Saidu     Mahe Abdulkadir     Dar-Al-Handasah Consultants     Local Government     Aliyu Olatunji Ajanaku     Mary Arinde     Photo News     Muhammed Aliyu