N500m Fraud: Court Grants Ondo PDP Chairman Bail In Sum of N50m

The Federal High Court in Ikoyi, Lagos has granted bail to Clement Faboyede, Chairman of the Peoples Democratic Party (PDP) in Ondo State, who was docked by the Economic and Financial Crimes Commission (EFCC) for alleged N500 million fraud.

Justice Muslim Sule Hassan, the presiding judge, on Thursday admitted to bail Faboyede and Modupe Adetokunbo, the Director General of PDP Campaign Organization in Ondo State during the 2015 general election.

Justice Hassan agreed with the defence lawyer that the offences upon which the duo were arraigned are bailable. He listed factors to be considered in deciding the bail application to include the nature of the charge, the severity of the punishment and likelihood of repetition of the offence.

“The sole issue for determination is whether or not the defendants are entitled to bail pending trial bearing in mind that the essence of bail is to ensure the attendance of the defendants for their trial,” Justice Hassan said.

“The defendants were arraigned before this court on a three-count charge of conspiracy and money laundering. According to the provisions of the Money Laundering Act, the punishment for the offence is a jail term not less than two years or an option of fine. I am in agreement with the defence lawyer that the alleged offence is bailable.”

He also faulted the grounds upon which the prosecution is opposing the bail application.

“The prosecution cannot oppose bail merely on routine procedure. There must be a cogent reason for opposing bail. The allegations against the defendants remains mere allegations until it is decided one way or the other by the court,” the judge said.

“In arriving at the decision whether to grant or refuse bail, it is my duty as a judicial officer to balance the interests of the state, defendants and that of the general public in coming to a judicious conclusion. In doing this, I am of the view that the judicious discretion in the circumstance of this case is to grant bail to the defendant applicants.

“More so, the defendant applicants were earlier granted bail by the prosecution prior to their arraignment and there was no evidence to show that they jumped the bail. Having regard to the foregoing, the defendant applicants application for bail succeeds and bail is hereby granted.”

The judge consequently admitted the defendants to bail in the sum of N50 million with one surety each in like sum.

The sureties, according to the judge, must either be federal or state civil servants not below the rank of level 15 or landed property owners within the court’s jurisdiction.

The sureties were directed to deposit the title documents of the property and two passport size photographs each at the court’s registry and same must be verified by the Department’s Head.

The defendants were also ordered to deposit their international passport at the court’s registry while the prosecution was given a week to authenticate the documents submitted by the sureties.

Shortly after the ruling, defence lawyer, Eyitayo Jegede (SAN), urged the court to release the defendants to him pending the time their bail conditions will be perfected.

He said: “In giving effect to the bail, I urge the court to consider allowing the applicants deposit their international passports immediately pending the satisfaction of the other bail conditions. I also on my honour as a senior counsel confirm that they will be around to meet the other conditions. The defendants should be released temporarily to me pending the the fulfillment of the conditions”.

Justice Hassan later granted the request and adjourned further hearing in the matter to September 17 for commencement of trial.


SOURCE :sahara reporters (news)

16 thoughts on “N500m Fraud: Court Grants Ondo PDP Chairman Bail In Sum of N50m

  • 14th June 2021 at 8:06 am

    I blog often and I truly appreciate your information. The article has really peaked
    my interest. I’m going to book mark your site and keep checking for new details
    about once a week. I subscribed to your Feed as well.

  • 15th June 2021 at 4:18 am

    Appreciating the persistence you put into your
    website and detailed information you offer. It’s
    nice to come across a blog every once in a while that isn’t the same unwanted rehashed material.
    Excellent read! I’ve bookmarked your site and I’m including your RSS feeds
    to my Google account.

  • 17th June 2021 at 4:39 am

    Thank you for some other magnificent article. Where else may anyone get that type of info in such a perfect
    approach of writing? I have a presentation subsequent week, and
    I’m at the look for such information.

    Feel free to visit my web site :: scr sky1388

  • 17th June 2021 at 8:07 am

    Howdy superb website! Does running a blog such as this require a great deal
    of work? I’ve very little knowledge of coding but I was hoping to start my own blog soon. Anyways, if you have any ideas or tips for new blog owners please share.
    I know this is off subject but I just wanted to ask.
    Many thanks!

    Stop by my web site: download sky1388

  • 17th June 2021 at 1:59 pm

    Woah! I’m really digging the template/theme of this site.
    It’s simple, yet effective. A lot of times it’s very difficult to get that
    “perfect balance” between usability and appearance.

    I must say that you’ve done a very good job with this.

    Additionally, the blog loads super quick for me on Chrome.
    Exceptional Blog!

    Also visit my web blog … love138Apk Android

  • 17th June 2021 at 2:36 pm

    certainly like your web site but you need to check the spelling
    on several of your posts. Many of them are rife with spelling problems and
    I in finding it very bothersome to tell the reality then again I will definitely
    come again again.

    Also visit my web page :: download game lpe88

  • 18th June 2021 at 4:19 pm

    Today, I went to the beach with my children. I found
    a sea shell and gave it to my 4 year old daughter and said
    “You can hear the ocean if you put this to your ear.” She
    put the shell to her ear and screamed. There was a hermit
    crab inside and it pinched her ear. She never wants to
    go back! LoL I know this is totally off topic but I had to tell someone!


Leave a Reply

Your email address will not be published.