Kwara State Ex-Finance Commissioner, Banu In EFCC Custody For Alleged Money Laundering

Published 3 weeks ago by: Adegbenga Ayinla
at 29-01-2020 04:27PM (3 weeks ago)

(5361 | Gistmaniac) (m)


The immediate past Commissioner for Finance in Kwara state, Engr Demola Banu was on Wednesday ordered to be remanded in the custody of the Economic and Financial Crimes Commission (EFCC) by an Ilorin High Court over allegations that border on money laundering

The anti-graft agency is prosecuting the former finance commissioner and two others for fraud-related offences after three separate adjournments earlier.

Banu is facing a one-count charge of conspiring with the banker, Olanrewaju Adeniyi, and his company, Travellers Messenger Limited, to launder the sum of N411m belonging to the Kwara State government.

They all pleaded not guilty to the charges,but the counsel to the EFCC, Emeka Omewa, requested that they be remanded in prison custody till the trial date.

However, the defence counsel objected to the argument and expressed their readiness for trial immediately, referring the court to their bail applications, stating that the alleged offences are bailable and the defendants will not jump bail if granted.

Justice Babagana Ashigar ruled that the defendants be remanded in EFCC custody and adjourned till February 10, 2020 to rule on their bail applications.