The Federal High Court sitting in Ilorin, has granted bail to the four officials of the Kwara state government accused of money laundering to the tune of N20.3 million by the Economic and Financial Crimes Commission EFCC.
The officials charged before the court include, Abubakar Ishiak Permanent Secretary Government House, Shina Akorede Director of Finance and Administration, Rasaq Momonur Controller Finance and Accounts and Hafeez Yusuf Cashier.
In the charge sheet, EFCC alleged that the four accused persons made cash payment of N20.3 million to one Energy Multi-Trade Inter-biz Limited for services rendered to the Kwara state Government House which cash sum exceeded the limitation of 10 million Naira payable to a body corporate committing, an offence contrary to section 18 a of the Money Laundering Prohibition Act,2011 as amended and punishable under section 12,2 of the same Act.
In his ruling, the presiding Judge, Justice Babagana Ashigir said the granting of bails is the discretionary power of the court, adding that the case is ordinarily bailable under the Administration of Criminal Justice Act 2015.”
The court granted each of the accused persons bail in the sum of five million Naira and one surety each in like sum.
The court held that the sureties must live within the jurisdiction of the court as well as own landed property worth the bail sum.
The court directed the sureties to deposit their certificates of occupancy of the landed property with the registrar of court.
The presiding Judge ,Justice Ashigir however,adjourned the case till June 23rd, 2019 for trial.