JUST IN: Court grants Ogun assembly speaker N300m bail

Justice Daniel osiagor of the federal high court Lagos has granted bail to the speaker of the ogun state house of assembly, olakunle oluomo. Others standing trial in the 2.475 billion naira money laundering and forgery charge are oladayo Samuel who’s the director of finance at the house and taiwo Adeyemo the clerk of the house of assembly.

They had earlier pleaded not guilty in the 11-count charge on Tuesday.

The 1st defendant – Mr Oluomo – was granted a 300 million bail with 2 sureties, one of whom must not be less than a level 16 civil servant in the federal civil service.

2nd and 3rd defendant 100million each with 2 sureties each, one of whom must not be less than level 14 in the civil service.

All sureties must possess landed properties within the court’s jurisdiction and the Title documents are to be deposited with the court’s registrar.

The sureties must also possess 3-years tax clearance certificates and swear to an affidavit of means.

All defendants are to also Deposit their travel documents to the court registry.

The court also ordered that the defendants be remanded at the EFCC custody for a maximum of one week and must perfect all their bail conditions by then or else they will be transferred to the Nigerian the federal high court in Lagos. he is facing an 11-count charge along with the clerk of the House of Assembly, taiwo Adeyemo and one oladayo Samuel.

The three defendants were separately represented by Kehinde Ogunwumiju (SAN), Akinyemi Aremu and Oluwole aladedoye.

The economic and financial crimes commission prosecuting the case is represented by Rotimi Oyedepo.

They are accused of allegedly laundering ogun state funds totaling more than 2.465 billion naira.

A fourth defendant, Adeyanju Nimota Amoke is said to be at large.

They were all said to have sometimes in 2019 in the ogun state capital, Abeokuta conspired amongst themselves to launder more than Two Billion, Four Hundred and Seventy Five Million Naira from the treasury of the Ogun State House of Assembly.

The alleged offence is said to be contrary to sections 18 (a), 15 (2) (d) of the Money Laundering Prohibition Act, 2011 as amended and punishable under section 15 (3)of the same Act.