The Economic and Financial Crimes Commission (EFCC) has arraigned a former Commissioner for Finance in Kwara State, Ademola Banu, before the Federal High Court sitting in Ilorin, the state capital, over alleged money laundering and misappropriation of state funds to the tune of N1.22 billion.
The former commissioner was arraigned before Justice Evelyn Anyadike on Monday, April 29, 2024. The defendant was alleged to have among sundry issues conspired to divert the said sum during the administration of former Governor Abdulfatah Ahmed between May 2011 and May 2019 when he served as the Commissioner for Finance.
Banu was to be arraigned alongside his principal, Ahmed, on February 23, 2024, but when the case came up, he was absent in court and had no legal representation, prompting the court to issue a bench warrant against him upon the application by counsel to the EFCC, Rotimi Jacobs (SAN).
At the resumed sitting on Monday, the two defendants – Ahmed and Banu, who were listed as first and second defendant in the charge, were present in court. When the case was called, A. A. Ajibade (SAN) announced appearance for Ahmed, Gboyega Oyewole (SAN) for Banu, while the prosecution team was led by Jacobs.
Jacobs informed the court that the second defendant who was unavailable at the last sitting when the former governor was arraigned was in court to take his plea. In response, Banu’s counsel, Oyewole prayed the court to discharge the bench warrant earlier issued against his client, which Jacobs did not oppose. Ruling, Justice Anyadike vacated the bench warrant on the second defendant, setting the stage for his arraignment. Therefore, he was ordered to enter the dock to take his plea.
Count three of the charge read: “That you, Abdulfatah Ahmed (while being the Governor of Kwara State) and Ademola Banu (while being the Commissioner of Finance of Kwara State), between January and December 2018 in Ilorin, within the jurisdiction of this Honourable Court, conspired between yourselves to commit an offence, to wit: conversion of the sum of N411,000,000.00 property of Kwara State Government meant for the provision of security in Kwara State, which sum you reasonably ought to have known was a proceed of an unlawful act, to wit; theft/fraud and you thereby committed an offence contrary to section 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 15(3) of the same Act.”
The defendant pleaded not guilty to the charge when it was read to him. Following his plea, Oyewole moved a motion for the bail of his client. He prayed the court to grant the application on liberal terms citing the medical conditions of the client as reasons.
Jacobs however did not oppose the application in view of the earlier ruling. Justice Anyadike admitted the second defendant to bail in the sum of N20 million with two sureties in like sum, who must have landed property within the jurisdiction of the court. The judge said the sureties must deposit three passport photographs with the court’s registrar, adding that the sureties must also produce evidence of payment of electricity bills for the last three months.
Justice Anyadike ordered that the sum of N5 million must be paid as bond into the litigation account of the Federal High Court by the defendant, which will be returned to him after the final determination of the case, but forfeited to the Federal Government in the event the defendant jumps bail.
The judge also ordered the defendant to deposit his international passport with the court, adding that the defendant must not travel without the permission of the court, but may apply to get it on medical grounds if the need arises. The judge ordered the defendant to be remanded in the custody of the EFCC pending the perfection of his bail conditions. Justice Anyadike, therefore, adjourned the case to June 25 and 26, 2024, for trial.
