Names Of All Tenants Of Osborne Towers Revealed [Full List]

SaharaReporters has obtained the full list of occupants of a swanky apartment building in Lagos where operatives of the Economic and Financial Crimes Commission (EFCC) found close to $50million last week.
The building, located at 16 Osborne Road in Ikoyi, has nine floors of 19 Apartments and two penthouses. It is owned by a former Peoples Democratic Party chairman, Ahmed Muazu, who retained for himself the penthouses, 10A and B; as well as Apartments 11A and 11B.

According to the apartment ownership list obtained by SaharaReporters, below are names of occupants:

1A – Fola Adeola, former Guaranty Trust Bank chairman

1B - former Anambra Governor, Peter Obi and his wife

2A - Ahmed Kida

2B - Ahmed Kida but apartment occupied by Esther Ogbue (a recently retired MD of NNPC)

3A - Kayode Sonaike

3B - Sterling Assets

4A and 4B - Leo Stan Ekeh

5A - Sterling Bank

5B - Damian Dodo, SAN

6A - Mo Abudu

6B - Career Terminal and Logistics Ltd.

7A - Mr. and Mrs. Edo-Osagie (Daughter of PDP Chieftain Anthony Anenih and her husband)

7B - Chobe Ventures Limited (Controlled by Folashade Oke, wife of DG, NIA) apartment where $50m was found by EFCC)

8A - Chikki Foods

8B - Mr. Balogun

9A - Damian Dodo, SAN

9B - Alhaji Tukur

10 A & B - Ahmed Muazu

11 A & B - Ahmed Muazu.

Secret Details Of The Uncovered Loot In Ikoyi Apartment

The over N13billion recovered by the Economic and Financial Crimes Commission (EFCC) from an Ikoyi apartment in Lagos was a discreet allocation released to the National Intelligence Agency (NIA) for major but covert security projects.

The total value of the cash at Central Bank of Nigeria official exchange rate is over N13 billion.

What are the secret details? Inside sources revealed that,

former President Goodlefcuck Jonathan approved the funds for the 30-year old secret service agency after its immediate past Director General, Olaniyi Oladeji, alerted him to the need for some “crucial and covert security projects”.

The funds were later released in cash directly from the Central Bank of Nigeria as a way of making its spending completely secret.

“The projects are scattered across the country, but there is a major one in Lagos being funded with the cash warehoused in the Ikoyi building,” one source told PT. “The spending on the projects cannot be subjected to the usual expenditure process, and that is why the funds are held in cash. If you like, you can call it illegal projects in the national interest.”

Our sources said only relevant top government officials and of the NIA are aware of the projects.
One official said when the incumbent Director General of the NIA, Ayodele Oke, was alerted that EFCC operatives had swooped on the apartment, being discreetly guarded by covert operatives, he rushed to the anti-graft agency’s headquarters in Abuja to advise its chairman, Ibrahim Magu, to withdraw his men as the funds belonged to government.

At the time, about 13 police officers and some soldiers, accompanied by photographers and videographers, had broken into the apartment, and were already dismantling the safes in which the funds were concealed, our sources said.

Mr. Magu however declined Mr. Oke’s request and directed his men to proceed with the operation as he had no security information backing the claim.

A frustrated Mr. Oke was said to have rushed to National Security Adviser, Babagana Monguno, and Vice President Yemi Osinbajo to complain, and the huge embarrassment he had caused his otherwise extremely quiet and secretive agency.

Presidency sources said Mr Oke met President Buhari in company of Attorney General Abubakar Malami to table the same complaints.

Those who saw the NIA DG before he was called in to see the president said he had two bulky envelopes believed to contain paper and audio-visual records of the security projects.

Officials said President Buhari has since directed Mr. Magu to forward to him detailed report on the operation. The EFCC boss was also directed to immediately deposit the funds with the CBN.

On his part, Mr. Oke was asked to document his complaints and then reapply for the seized funds.

A top presidency source said the President might ask Attorney General Malami to review reports submitted by the two officials, and then forward appropriate recommendations.

When contacted Friday, the Special Adviser to the President on Media and Publicity, Femi Adesina, said, “It’s a security issue, and not strictly a presidency issue.”

He directed further enquiries on the matter to the security agencies involved.

Mr Oke of NIA confirmed to PT that the cash belongs to his agency but declined further comments when asked what the funds were meant for.

“You don’t expect me to tell you that,” he said.

EFCC Uncovers Huge Money In Ikoyi, Lagos (Photos)

The whistle blowing policy of the Federal Government is paying off positively as the Economic and Financial Crimes Commission today stormed a residential building in the 7th Floor of a four - bedroom apartment at Osborne Towers located at 16, Osborne road Ikoyi, Lagos, where a humongous find of foreign currencies and Naira notes to the tune of $43.4m, £27,800 and N23.2m was uncovered.

The operation followed a whistle blower's confidential alert received by the Commission's Lagos office this morning regarding some noticed suspicious movement of bags in and out of a particular apartment in the building. According to the source, the movers of the bags, make believe that they bring in bags of clothes.

Another source who is conversant with the apartment of interest indicated that some woman usually appeared on different occassion with Ghana Must Go bags. " She comes looking haggard, with dirty clothes but her skin didn't quite match her outward appearance, perhaps a disguise", the source said.

On getting to the building, operatives met the entrance door locked. Inquiries from the guards at the gate explained that nobody resides in the apartment, but some persons come in and out once in a while. In compliance with the magisterial order contained in the warrant, the EFCC used minimum force to gain entrance into the apartment.


Monies were found in two of the four bedroom apartment. Further probe of the wardrobe by operatives in one of the rooms, was found to be warehousing three fire proof cabinents disguisedly hidden behind wooden panels of the wardrobe. Upon assessing the content of the cabinets, neatly arranged US Dollars, Pound Sterling and some Naira notes in sealed wrappers.

Preliminary findings indicate that the funds are suspected to be proceeds of unlawful activity.
The facility is said to be owned by Osborne Towers Resident Association.
Investigations are ongoing.

EFCC Uncovers Four Billion Naira Through Whistle-blower

The Economic and Financial Crimes Commission (EFCC) says a tip-off by a whistle-blower on Tuesday, led to another discovery of a huge sum of four billion Naira suspected to be proceeds of crime.

According to a statement by the EFCC spokesman, Wilson Uwujaren, investigations as to the owner of the funds revealed that the money belongs to a former deputy governorship candidate in Niger State, whose the name was not disclosed.

“The suspect uses the names of two companies – Katah Property & Investment Limited and Sadiq Air Travel Agency – in laundering the funds.

“Each of the company has two billion Naira fixed in its deposit account domiciled in Guaranty Trust Bank.

“The suspected owner of the account and the account officer are currently on the run,” the statement said.

BREAKING! Court Sends Ex-NNPC Boss, Andrew Yakubu To Kuje Prison

Andrew Yakubu

The Federal High Court sitting in Abuja has ordered that Ex-NNPC boss, Andrew Yakubu, be remanded in Kuje prison pending the determination of his bail application on March 21.

Yakubu was, on Thursday, arraigned on a six-count charge of fraud before Justice Ahmed Mohammed by the Economic and Financial Crimes Commisssion (EFCC) after he admitted owning over $9.8 million cash found in a house that also belongs to him in Kaduna State.

He pleaded not guilty to the charge filed by the EFCC

Senate Uncovers Monumental N10 Trillion Fraud Carried Out by Top NNPC Officials

The Nigerian Senate has uncovered an alleged fraud of N10 trillion allegedly carried out by staff of Nigerian National Petroleum Corporation, NNPC in connivance with officials of some of the Independent Marketers and other key players in the Petroleum Industry for ten years between 2006 and 2016.

As a result, the Senate joint committees on Petroleum (upstream and downstream) and that of Gas, will this week begin a probe of the affected companies, agencies of government and heads of these agencies and parastatals of government.

Vanguard reports that the committee has been mandated to carry out a thorough and holistic investigation on the alleged fraud and bring to book, the perpetrators, just as it said that the amount involved was big enough to finance the country’s budget for two consecutive years.

Addressing Journalists weekend on the alleged scam, Chairmen of the Committees led by Senator Kabiru Marafa (Chairman , Senate Committee on Petroleum Downstream) said that out of the N10trillion fraud, NNPC alone would account for N5.2trillion it collected as subsidy from the federal government of Nigeria for importation of Petroleum Products particularly Premium Motor Spirit (PMS) otherwise known as petrol or fuel between 2006 and 2016.

According to Senator Marafa, the NNPC will also account for the 445,000 barrels of crude oil allocated to it on yearly basis for the Nation’s refineries for local consumption

Properties Recovered So Far From The Ex-Custom Boss, Abdullahi Diko | Photos

Less than a week after 17 exotic vehicles were recovered from a former Customs boss, dozens of brand new tricycles and motorcycles have also been recovered from a property belonging to him.

Here is the List of all Properties that has been recovered from him So far

*** 42 brand new customized yellow-coloured tricycles;

***16 brand new cargo motorcycles;

***One brand new white 32-seater Nissan civilian bus;

*** One MAN diesel truck;

*** 515 brand new imported rugs of different colours and sizes;

***Two metal bullet proof safe with the sum of N 1,565 and documents of transactions in different currencies within and outside the country

*** Black colour BMW 525i series, 2010 model with chassis number WBAFR7108BC262936.

*** Ash colour Hyundai Velester, 2012 model with chassis number KMHTC6AD4CU056038. 

***. Dark Blue BMW 325i, 2003 model with chassis number WBAEV31090KL48386.

*** Black colour Land Cruiser Prado Jeep, 2014 model with chassis number JTEBU3FJ50K082080.

*** Black colour Mercedes G wagon, 2013 model with chassis number WDB4632361X207661.

*** Black colour BMW 335i series, 2012 model with chassis number WBA3A91040F268895. *** Silver colour Peugeot 406, 2002 model with chassis number VF3BBRFNR81519018.

*** Black colour Land Cruiser Prado Jeep, 2014 model with chassis number JTEBU3FJ10K082352. 

***Yellow colour Toyota FJ Jeep, 2007 model with chassis number JTEZU11F68K001301.

*** Black Toyota Avensis, 2013 model with chassis number SBIBL76L20E037245.

*** Dark ash colour KIA Cadenza, 2011 model with chassis number KNALN414BC5093288. 

***. Silver colour Porsche Cayene, 2009 model with chassis number WPIZZZ9PZ9LA12738.

 *** Golden colour Honda Accord, 2013 model with chassis number IHGCR2634DA620609. 

*** White colour Nissan Urban Bus, 2006 model JNITF4E25Z0715833.

*** White colour Nissan Urban Bus, 1996 model with chassis number JTFJXO29P605023996.

*** White Toyota Hiace Bus, 2010 model with chassis number JTGJXO2P4B5020268.

*** White Nissan Bus, 2009 model with chassis number JNITA4E250011697. 

Culled from Vanguard Nigeria, Insta9jablog

Corrupt Politicians Now Hide Stolen Funds In Uncompleted Building — Dino Melaye

Sen. Dino Melaye

Senator Dino Melaye has made a shocking revelation as he said corrupt Nigerians are now hiding stolen money in caskets and uncompleted buildings in remote villages in some parts of the country to avoid being caught with their loots.

He made the revelation on Wednesday on the floor of the Senate. The motion tagged ‘discrepancies in subsidy payment and non-remittance of funds by the NNPC to the federation account.’

Senator Melaye who made the claim, did not provide any substantial proof to support its claims.

According to Melaye, “Monies are not accounted for and that might be the reason why we now see petro-dollars buried in caskets and uncompleted buildings in remote villages in some parts of the country.”

Senator Melaye, had in a point of order on Tuesday, drawn the attention of the Senate to the refusal of the Federal Government to probe the Nigerian National Petroleum Corporation (NNPC), which he said got 51 out of 100 per cent share of companies sanctioned to import petroleum products into the country.

Melaye had said all the oil marketers currently facing trial over alleged subsidy fraud, only constitute 49 per cent of imported refined products.

He had said: “Surprisingly you (Saraki) are one of those who raised the issue of subsidy in the 7th Senate. The Federal Government is prosecuting marketers and these marketers only constitute 49 per cent of imported refined products. The NNPC is responsible for the importation of 51 per cent.

“While we are prosecuting the independent marketers whose proceed from subsidy is about N3.83 trillion, NNPC collected a total of N5.1 trillion on subsidy and this has never been investigated.

“This has never been looked at and we are busy chasing independent marketers. The time to look at the books of NNPC as regards petroleum subsidy is now.

“We have taken the lead in the fight against corruption in this chamber and I want to say we must do everything within our powers to investigate and bring whoever is found wanting to book.”

President of the Senate, Bukola Saraki, had given a nod to Melaye’s plea to sponsor a motion yesterday.

“Thank you Senator Melaye for that radical performance.

“Senator Melaye, we expect this motion on Wednesday and its a very serious issue. It goes to the core of the fight against corruption and also the issue of NNPC which is a great source of revenue for all of us. We will wait for that motion today,” Saraki had noted.

After a brief debate on the issue yesterday, the Senate mandated its committee on Petroleum (Downstream) to exhaustively review and investigate the NNPC over its accounts relating to fuel subsidy and the abuse of product marketing and distribution between 2006 and 2016.

Charging the Senate committee on Petroleum (Downstream) to conduct a holistic investigation, Saraki said: “A situation where individuals do what they like and are not accountable to anybody should be stopped. The committee should do a thorough job and ensure that they get to the root of this issue. The thing borders on the issue of corruption which has been affecting the country negatively.”

EFCC To Show Video Clip Of How $1m Was Recovered From Alex Badeh

Alex Badeh

Ade Adesomoju, Abuja The Economic and Financial Crimes Commission is set to show to a Federal High Court in Abuja a video clip of how its operatives recovered a cash sum of $1m from the Abuja home of a former Chief of Air Staff, Air Chief Marshal Alex Badeh (retd.) in February, last year. An […] The post Badeh: EFCC to show video clip of $1m cash recovery appeared first on Punch Newspapers. 

Read More >>> Here

UNIILORIN Suspends Lecturers For Whistle Blowing

The affected lecturers on their part alleged that they are being victimized for exposing corruption in the institution.

The Vice Chancellor, Prof. Abdulganiyu Ambali while noting that the suspension was necessary distanced his office from the action.

One of the affected lecturer, Afolayan noted that though the reason for their suspension was not known but believed it has to do with their blowing of whistle of alleged impunity and corruption in the institution.

However, the Factional Vice Chairman of ASUU, Dr Bode Olumorin has called on the federal government to come to their aid, adding that since the government advised people to point out corrupt practices, they should not be abandoned.

The period for the suspension was not mentioned in the letter and the suspended lecturers had petitioned their national body for redress.

With both parties sticking to their positions, interest groups in the university are looking forward to a compromise.

Source: Channelstv

Whistleblower Exposes N8.4bn In Bank Account With No Signatories

According to TheNation, there was suspicion last night that the cash may have been wired into some 
foreign accounts, but the government has filed an ex parte motion to place it under temporary assets forfeiture.

A telecommunications company has gone to court, claiming ownership of the money.

A whistle-blower alerted the government to strange deposits into the ECOBANK account by some suspected government officials.
Of the many deposits, about N8.4billion was singled out for investigation in the interim.

A source involved in the investigation said:

 “A whistle-blower alerted the Office of the Attorney-General of the Federation, leading to the involvement of the Nigerian Financial Intelligence Unit and the Economic and Financial Crimes Commission( EFCC) in the investigation.

“The probe of the account by detectives showed that the funds were routed through the account of a telecoms giant but there was no disclosure of the signatories to the account.

“Also, the list of depositors into the account was unknown but the sequence of deposits was tracked by detectives.”

The source confirmed that an ex -parte application had been filed at the Federal High Court 11 in Lagos, presided over by Justice Abdulazeez Anka, to recover the cash under temporary forfeiture.

The matter is coming up on March 3 for hearing.

The Federal Government has hired two lawyers, Mr. John Samuel Opeyemi and Mr. Oluwafemi O. Aweda, to recover the funds.

Another source also privy to the investigation said the probe so far indicated that the cash paid into the account could be over N10billlion.
The source added:

“Detectives stumbled on separate deposit of N5billion and N4billion. But investigation is at present concentrated on the recovery of N8.4billion, which was changed to dollars and probably wired into some accounts abroad.

“A telecommunications giant has approached the court to claim the ownership of the cash.

“We have been demanding for the list of signatories to this account but it is yet to be provided.

The Nation

We Found $1m Cash In Alex Badeh's Wardrobe — iWitness

alex badeh

A prosecution witness in the ongoing trial of Alex Badeh, ex-chief of defence staff, on Tuesday told the federal high court, Abuja, that his team recovered one million dollar cash from Badeh’s house.


Goji Mohammed, the 15th witness to testify in Badeh’s trial, said he was part of the EFCC team, led by Isyaku Sharu, that conducted the search in Badeh’s house in Asokoro, Abuja.

Badeh is standing trial on money laundering offence he allegedly committed while serving as chief of air staff.

The witness also said the team recovered some bank documents, land documents, tax documents and few other instruments.

Mohammed said the commission received intelligence report on another property located at 6 Ogun River Street Maitama, which was found to be Badeh’s property.

He said they accessed the building by climbing the balcony, adding that the security man of the neigbouring house was invited to witness the search.

“When we climbed in, we were in the living area upstairs so we used the stairs and went to the living area downstairs and started our search from there,” he said.

“When we got to the biggest room in the house, we saw a wardrobe, on opening it, we saw a bag and on opening it contained foreign currency.

“We saw 16 bundles of 50 US dollars notes and two sealed bundles containing 100,000 US dollars which we estimated to amount one million US dollars.

“On further counting the money in our office we discovered it was exactly one million dollars.”

He said they also found a red box, which he could not precisely remember what was inside, but added that they also found two way bills of furniture supplied to the building.

When the prosecution sought to tender the search warrant, the red box and the way bill as evidence, the move was objected to by the defence team.

Lasun Sanusi, counsel for the defendant objected to the admissibility of the items, saying they were purportedly obtained from an illegal search.

Sanusi cited section 115 of administration of criminal justice act (ACJA) 2015, which states that the occupant of a place searched or a relation shall be at the house and see the items seized.

He said no provisions of law permitted state security agents to conduct search by looking for strangers on the street to witness it.

Sanusi said the law gave the owner of the property the impetus to nominate a representative to witness such search if he or she could not be present.

“My Lord, the witness had earlier confirmed that when they were to conduct search on the defendant’s house at Asokoro, they took him along to witness the search, why was this other one different,” he said.

“It is on record that the defendant was still in detention when the purported search was done in his house at Maitama which is a clear violation of the law.

“My Lord, we are not against the court admitting the search warrant as evidence but we vehemently oppose to the admissibility of the other items.”

On his part, Rotimi Jacobs, prosecution counsel, argued that section 149 and 150 of ACJA, which deals with house search warrant permitted the presence of two witnesses.

“This permission covers the person to whom the warrant is addressed and a neighbour within the neighbourhood the property is located.”

According to him, the provision allows the person to whom warrant is addressed to look for a witness in the neighbourhood.

He, therefore, argued that no provision of the law compelled the property owner to be present before a search warrant can be executed.

Okon Abang, however, adjourned the matter till February 22 for continuation.

Give Me Back My N3 Billion, It Was A Gift To Me — Ex-NNPC GMD Yakubu Tells Court

Former Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, has asked a Federal High Court sitting in Kano to order the Federal Government to return to him, over N3billion that was found in his home in Kaduna.

Vanguard reports that Yakubu, in a motion on notice with suit number FHC/ICN/CS/24/2017, filed by his lead counsel, Mr. Ahmed Raji, SAN, asked the court to set aside the forfeiture order that granted FG ownership of the money which was discovered by operatives of the Economic and Financial Crimes Commission, EFCC, on February 9.

Specifically, he wants the court to set aside the order and return the $9,772,800 and £74,000,000 which he said belongs to him.

The former NNPC boss insisted that the court lacked the jurisdiction to grant FG ownership of his money. According to him, the court, was bereft of the territorial jurisdiction to entertain the motion that culminated to the forfeiture order since it related to a crime that was alleged committed in Abuja.

Raji, SAN, contended that going by section 45 of the Federal High Court Act, an offence should be tried only by a court exercising jurisdiction in the area or place where the offence was committed.

“No aspect of the perceived offence in respect of which the Order of February 13, 2017 was made, was committed within the Kano judicial division of this Honourable Court”, Raji argued.

He further maintained that FG lacked the locus-standi to seek the interim order of the court granted on February 13. “By Section 28 of the EFCC Act, only the commission, i.e. the EFCC has the vires to seek an order for the interim forfeiture of property under the Act.

“The power of this Honourable Court to make interim forfeiture order(s) pursuant to sections 28 & 29 of the Economic and Financial Crimes Commission Act, 2004 (herein after referred to a “EFCC Act”) is applicable ONLY to alleged offences charged under the EFCC Act and not to offences cognizable under any other law.

“The ex-parte order of this honourable court dated February 13, 2017, was made in respect of alleged offences under the Independent Corrupt Practices and other Related Offences Commission Act (herein after “ICPC Act”) and not the EFCC Act as prescribed by section 28 & 29 thereof.

“The conditions precedent to the grant of an interim forfeiture order under sections 28 & 29 of the EFCC Act were not complied with by the Applicant (FG) before the Order was made”, he submitted.

Besides, he argued that the combined effect of sections 28 and 29 of the EFCC Act was that a charge alleging infractions against the provisions of the EFCC Act ought to be brought against a suspect before the powers of the court under sections 28 & 29 of the EFCC Act, to order interim forfeiture of property, could be activated. He insisted that without a formal charge, no prima-facie evidence could be established in order for the provisions of section 28 and 29 of the EFCC Act to be activated.

“In the instant case, no charge was brought against the Respondent/Applicant before the provisions of section 28 and 29 of the EFCC Act were activated to grant the ex-parte Order of February 13, 2017”, he stated.

Yakubu was Group Managing Director of the NNPC between 2012 and 2014. He was sacked by the administration of former President Goodluck Jonathan for alleged insubordination and corruption. EFCC operatives raided his house situated in Sabon Tasha, Kaduna State, following a tip-off by a whistle-blower. The agency disclosed that it discovered the sum of $9.7m and £74,000 that Yakubu hid in a fireproof safe inside the house.

EFCC Seals Off School Owned By Ex Governor Akpabio’s Wife

EFCC was reportedly to have seal off a multi million naira school owned by the former first lady of Akwa Ibom, Ekaette Uloma Akpabi. The John Paul Nursery School at Shelter Afrique in Uyo is said to have been marked due to ongoing investigations by EFCC and Code of Conduct Bureau

More details later

FUTA Vice Chancellor, Bursar Docked For Over N156 Million Fraud

The Economic and Financial Crimes Commission, EFCC, on Tuesday, February 14, 2017, arraigned the duo of the Vice Chancellor, Professor Adebiyi G. Daramola and the Bursar, Emmanuel Ayodeji A. Oresegun, before Justice S.A Bola of Ondo State High Court, Akure Ondo State, on a 9-count charge bordering on obtaining under false pretense, abuse of office, misappropriation of funds and conspiracy to steal to the tune of N156,984,455.33 (One Hundred and Fifty Six Million Nine Hundred and Eighty Four Thousand Four Hundred and Fifty Five Naira Thirty Three Kobo).

The VC and the Bursar’s journey to the dock followed a petition received by the EFCC in 2016, alleging that the duo and the governing council of the University were entrenched in unmitigated corruption, fraud, mindless stealing of the funds of the Federal University of Technology, Akure, Ondo State.

It was alleged that the VC misapplied funds, collected housing allowances whilst living in the government residential quarters, drew Furniture Allowance annually instead of once in 4 years as approved by the income and wages Commission, used public funds to finance private expenses, illegal payment of allowances to Council members of the university, gives self excessive cash advance, direct procurement of motor vehicles without approval/waiver from Bureau of Public Procurement, collecting bogus monthly interest, transferred and placed N100,000,000.00 funds of the University in a fixed deposit account without due authorization.

One of the count charge reads: “That you, Professor Adebiyi G. Daramola on or about the 2nd of September, 2016 at Akure within the Akure Judicial Division of the honourable court with intent to defraud, obtained the sum of Twenty Four Million Two Hundred and Twenty Three Thousand Four Hundred and Eighty Four Naira (N24, 223,484.00) only from the Federal University of Technology Akure, when you falsely represented that the said sum of money was for your Biennial family vacation overseas for the year 2015 and 2016, which representation you knew was false”

Another count read: “That you, Professor Adebiyi G. Daramola and Emmanuel A. Ayodeji Oresegun on or about the 21st January, 2015, at Akure within the Akure Judicial Division of this honourable court with intent to defraud, conspired to fix the sum of One Hundred Million Naira (N100, 000,000:00) only property of Federal University of Technology, Akure in a Wema bank account No: 1300003035 without due process.

In view of their plea, counsel to EFCC, Dr Benedict Ubi asked for a trial date. But counsel to the 1st and 2nd defendants, Adebayo Olanipekun and O. Theophilus, prayed the court to allow them to move oral application for bail. Ubi was opposed to oral application for bail, stating that the counsel have to put facts before the court as to the reason why the defendants must be granted or refused bail, the the need for time to peruse and react to the content of the bail application.

Justice Bola, after considering the arguments of all the counsels, granted bail to the defendants in N10m bond, 2 sureties in like sum who must be professors in the Federal University of Technology, Akure, or public officer not less than grade level 17, must depose to affidavit of means, present title documents of landed properties within the jurisdiction of the court and must present evidence of tax payment for the past 3 years. 

Justice Bola however adjourned the matter to 20, 21 and 22 of March for trial and ordered that the defendants be remanded in State CID, Police headquarters, Akure pending the perfection of their bail applications.

Source: politicsngr.com