The trial of three persons accused of fuel subsidy fraud was today
adjourned by an Ikeja High Court following a request by a defendant’s
counsel, Mr. Olanipekun, to have his client Oluwaseun Ogunbambo, settle
matters with Stanbic IBTC Bank. The accused are Oluwaseun Ogunbambo,
Habilla Theck and Fago Petroleum and Gas Ltd.
Prosecutors of the Economic and Financial Crimes Commission (EFCC)
rejected Mr. Ogumbambo offer as “laughable” and proceeded to restate to
the court that the first defendant, Ogunbambo, was deeply implicated in
the subsidy fraud case. His level of involvement caused Justice Adeniyi
Onigbanjo to deny him bail even as the judge approved the bail
application for other suspects arraigned alongside him.
Mr. Ogunbambo was accused of using multiple fake identities to
transact fraudulent schemes. In addition, he was found to be in
possession of more than one international passport, enabling him to
travel abroad even while being investigated.
The EFCC also alleged that Mr. Ogunbambo obtained separate loans
totaling about N1.2 billion from Stanbic IBTC Plc in 2010 with forged
documents. In court, his counsel disputed the amount in question,
putting the figure at N230 million. Mr. Ogunbambo’s counsel pleaded with
the court to allow his client to resolve the financial issues with
Stanbic IBTC Bank. He told the court that a meeting was scheduled with
the bank’s management at 1.00 p.m. today. Justice Onigbanjo thereafter
adjourned the trial to December 5 and 6 in order to allow for the
outcome of the meeting between the accused and the bank.
Another application for bail by Mr. Ogunbambo preceding the
commencement of today’s trial was also adjourned to December 6, 2012,
even though another judge, Lateefa Folami, had granted him bail.
In his application for bail before Justice Onigbanjo, Mr.
Ogunbambo’s counsel tried hard to present his client in a rather modest
light. However the EFCC counsel insisted that the accused has a
notorious criminal history and does not deserve sympathy or bail.
The EFCC argued that, while still being investigated, Mr. Ogunbambo
traveled outside of the country despite the fact that he had already
submitted his international passport with the anti-graft agency.
The
agency’s counsel said that the development showed that Mr. Ogunbambo had
other traveling passports different from the seized one. The EFCC also
accused Mr. Ogunbambo of operating three different accounts as well as
using false documents to claim funds from banks.
The EFCC had a witness who was to testify today had the trial
proceeded. The witness, who is from the Department of Petroleum
Resources (DPR), was to buttress the allegations made by the commission
against the defendants.
Source: SaharaReporters
Also, it could only require a little over three years to complete.
ReplyDeleteX-rays and an MRI are recommended to be sure there's nothing more significant going on, like a herniated vertebral disc, or a fractured vertebra. You will also get the chance to participate in discussions along with your fellow students.
My web-site ... porenaa.livejournal.com
zhengjx20160412
ReplyDeletelouis vuitton outlet online
toms
insanity workout
supra for sale
michael kors handbags
michael kors outlet
michael kors outlet clearance
coach factorty outlet
nike roshe run mens
coach factory outlet online
timberland boots
coach factory outlet
coach outlet
jordan 3 retro
coach factory outlet
tory burch shoes
michael kors outlet online
michael kors handbags
michael kors handbags
nike air max uk
nike trainers sale
louis vuitton outlet
toms wedges
burberry handbags
gucci bags
designer handbags
replica rolex watches
nfl jerseys
tory burch outlet
nike air max uk
nfl jerseys
louis vuitton outlet online
toms outlet
ray ban outlet
kobe 8
coach outlet
cheap jordan shoes
burberry outlet online
nike roshe run
christian louboutin shoes