Tunde OyekolaThe Ilorin Zonal Office of the Economic and Financial Crimes Commission on Wednesday arraigned the immediate past Commissioner for Finance in Kwara State, Ademola Banu, before a Federal High Court sitting in Ilorin on charges bordering on money laundering and fraud. Part of the nine-count alleged by the prosecution against the accused included conspiracy, fraud and money laundering which it alleged was contrary to section 18(a) of the money laundering (prohibition amendment) act, 2012 and punishable under section 15(3) and (4) of the same act. The EFCC alleged that the defendants conspired to launder the sum of N411 million belonging to the Kwara State Government. The prosecuting counsel, while opposing the bail applications of the Accused Persons, however, filed a counter-affidavit and urged the Judge not accede the request of the defence counsels. Justice Ashigar adjourned the ruling on the application till 10th of February 2020 and ordered the accused persons to be remanded in EFCC custody.

Source: Punch January 29, 2020 15:56 UTC