Friday 5 August 2016

Alleged N4.6b money laundering: Agbele gets N500m bail


Alleged N4.6b money laundering: Agbele gets N500m bail
Agbele
THE Federal High Court in Abuja yesterday granted Ekiti State Governor Ayodele Fayose’s associate Abiodun Agbele a bail of N500 million.
Justice Nnamdi Dimgba said as part of the bail conditions, “the defendant shall produce two sureties in the sum of N250 million each with prove of property ownership in either in Abuja or Lagos”.
“The sureties can be private businessmen or professionals and where they are civil servants, they should not hold a position  less than a director
“The defendant shall also deposit his international passport with the court and can only travel outside the country upon receipt of permission of the court,” Justice Dimgba said.
He added that Agbele should remain in prison custody until he was able to meet the bail condition.
Agbele and three others were arraigned on an 11-count of  money laundering by the Economic and Financial Crimes Commission (EFCC) to the tune of N4.6 billion allegedly transferred from the Office of the National Security Adviser (ONSA) by Col. Sambo Dasuki (rtd).
The other defendants are: Sylvan Mcnamara Ltd, De Privateer Ltd and Spotless Investment Ltd.
Ruling on the bail application yesterday, Justice Dimgba noted that every citizen charge is entitled to prepare for his defence in an atmosphere devoid of fear.
According to the judge, the prosecution failed to show that the defendant, if granted bail, would interfere with the course of justice or destroy evidence – a condition, which, he said, bail can be denied.
Having listened to the plea of the defence counsel to grant bail on liberal terms, Justice Dimgba noted that the terms of bail must serve certain conditions such as the defendant not fleeing before his trial and in the case of corruption, the court must show that it is playing its part in eradicating it.
When the case came up for hearing on Wednesday, Agbele pleaded not guilty to the charge, following which his lawyer, Mike Ozekhome (SAN), argued his bail application.
But the lead prosecution lawyer, Johnson Ojogbane, objected on the grounds that the Fayose’s ally would jump bail and interfere with prosecution witnesses, if granted bail.
Also a detective with the EFCC, Samson Oloje, who deposed to the counter-affidavit, described Agbele as “a flight risk” and that he has “perfected plans to flee from the country until he was arrested”.
“The applicant in conjunction with Musiliu Obanikoro (now at large) colluded to move and aid the escape of Olalekan Ogunseye, a principal suspect in this case, out of Nigeria and if released on bail, will also flee from jurisdiction.
“The defendant/applicant, prior to his arrest, was still in contact with the said Olalekan and plans have also been concluded to get the defendant out of the country by Musiliu Obanikoro and his principal, Ayodele Fayose, the Governor of Ekiti State,” Oloje said.
The matter has been adjourned till October 26 and 27 for the beginning of trial.

Culled from Nation

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