Saturday, October 31, 2020

Nigeria: Four Kwara Government Officials Remanded In Prison For ‘Laundering N20.3m’

-

Federal High Court in Ilorin, Kwara State, has ordered the remandment of four Kawara State government officials in prison.

The four — Abubakar Ishiak, Permanent Secretary; Shina Mudasir Akorede, Director of Administration and Finance; Rasaq Momonu, Controller Finance and Account, and Hafees Yusuf, Cashier — were arraigned on Thursday before Justice Babangana Ashigar by the Economic and Financial Crimes Commission (EFCC) for money laundering.

The officials were accused of making illegal cash transfer of N20,300,000 (Twenty Million, Three Hundred Thousand Naira) from the coffers of the state government.

One of the counts reads: “That you, Abubakar Ishiak, being the Permanent Secretary, Kwara State Government House, Shina Mudasir Akorede, being the Director of Administration and Finance, Rasaq Momonu, being the Controller of Finance and Account, Kwara State Government House, and Hafees Yusuf, being the Cashier of Kwara State Government House on or about the 14th day of February 2019 at Ilorin, Kwara State within the jurisdiction of this Honourable Court, did make a cash payment of N20,300,000 (Twenty Million, Three Hundred Thousand Naira) only to one Energy Multi-Trade Unique Interbiz Limited through the company’s Chief Executive Officer, Jimoh Sarafadeen Kolade for services rendered to Kwara State Government House, which cash sum exceeded the limitation of N10 million payable to a body corporate and thereby committed an offence contrary to section 1 (b) and Punishable under section 16 of the same Act.”

- Advertisement -

Justice Babangana Ashigar refused the plea of the defence counsel to grant the officials bail.

Christopher Mschelia, the prosecuting counsel, prayed the court to keep the officials in prison pending a day for trial is fixed.

Mschelia said: “A date for trial to commence as the EFCC was prepared to prove its case against them.

“We are asking your lordship to order that they should be remanded in prison.”

- Advertisement -

With the defendants pleading not guilty, lead defence counsel, Abdulwahab Bamidele, however, made an oral application for bail.

Mschelia urged the court not to grant the request, insisting that “the substantive bail application is not ripe for hearing”.

In his ruling, Justice Ashigar refused the oral application for bail and ordered the defendants to be remanded in EFCC custody.

The case has been adjourned to May 8 for a hearing of the formal bail application, while the trial is to commence on June 6.

MUST READ

Actress Lori Loughlin begins 2-month prison sentence for role in college admissions scam

Actress Lori Loughlin reported to a federal prison in Northern California on Friday to start a two-month sentence for her role in a massive...

FirstEnergy fires CEO, other executives over Ohio bribery scandal

FirstEnergy Corp. has fired its CEO amid multiple federal investigations related to an Ohio nuclear bailout law passed year. The Akron-based utility company announced in a...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Dutch prosecutors seize $33m in bitcoin from couple convicted of money laundering

Prosecutors from the Netherlands have seized 2,532 bitcoins worth $33 million after a couple was convicted of money laundering by the Rotterdam District Court....

Actress Felicity Huffman complete full sentence for role in college admissions scam

Felicity Huffman has completed her full sentence for her involvement in the college admissions scandal. As of Sunday, she has finished her sentence, which included jail...

Greek ex-minister Tsochadzopoulos, wife sentenced for money laundering

Former minister Akis Tsochadzopoulos, his wife and his cousin were found guilty of money laundering by a criminal appeals court on Tuesday. Each was served...

Swiss court upholds money-laundering conviction of ex-Ukrainian lawmaker Martynenko

A Swiss court has upheld the conviction of former Ukrainian lawmaker Mykola Martynenko for laundering via Swiss banks millions of dollars worth of kickbacks...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks