The Speaker of Ogun State House of Assembly, Olakunle Oluomo and two others were on Tuesday remanded in the Economic and Financial Crimes Commission’s custody by a Federal High Court sitting in Lagos State over alleged N2.475 billion money laundering.
Justice Daniel Osiagor ordered that they be remanded for one week in the EFCC’s custody pending when they meet their bail condition, failure of which they should be transferred to the custody of the Nigerian Correctional Centre.
The EFCC yesterday arraigned them over alleged conspiracy, stealing, financial impropriety, forgery and N2.5 billion money laundering.
The alleged offences are 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.
The two others standing trial in the N2.5 billion money laundering and forgery case are Oladayo Samuel and Taiwo Adeyemo, who are the director of finance and clerk of the assembly, respectively.
They all pleaded not guilty to the 11-count charge.
The fourth defendant, Adeyanju Nimota Amoke, is said to be on the run.
Oluomo was granted a N300 million bail with two sureties in like sum, one of whom must be a GL16 officer in the federal civil service.
The two other defendants were granted N100 million bail each with two sureties each, one of whom must be a GL14 officer in the civil service.
All sureties must possess landed property within the court’s jurisdiction and the title documents are to be deposited with the court’s registrar.
The sureties must also possess three years’ tax clearance certificates and swear to an affidavit of means.
The defendants were also ordered to deposit their travel documents in the court registry.
