Business
N1bn Misappropriation: EFCC Arraigns Four Kogi LG Officials
Four local government officials in Kogi were on Thursday arraigned by the EFCC for alleged conspiracy and misappropriation of the state fund to the tune of N1billion.
The accused appeared before the Federal High Court in Abuja.
They are Stephen Asala, chairman,Yagba West, Obaro Kayode, chairman, Yagba East, Tolorunjuwa Faniyi, Commissioner for Local Government and Chieftaincy Affairs and Samuel Ojo.
The accused pleaded not guilty to the charges brought against them by the EFCC lawyer, Mr Wahab Shittu.
They pleaded for bail through their counsel.
Shittu had earlier told the court that “the accused on or about June 29, 2009 in Kogi converted N216 million being the proceeds of an illegal act with the aim of concealing its illicit origin.
“That, you, Asala while being the executive chairman of the said local government, converted the sum of N180 million proceeds of illegal act.
“That, you, Kayode misappropriated the sum of N133million belonging to the council”, he said.
The accused counsel, Mr Pius Akubo, prayed for his clients to be granted bail in a moderate term.
He assured the court that the accused would not jump bail.
“My Lord, all the offences that the accused were charged with are bailable, the maximum punishment is a limit of three years.
“The 1999 constitution presumed the accused innocent, the charge sheet presented by the prosecution proves that the EFCC has concluded investigations and they (accused) have nothing to interfere with.
“The accused are serving officials of Kogi. I am sure they will not jump bail.
“My lord, the accused have families, they will love to celebrate the period of Easter with their families,” Akubo pleaded.
Shittu did not oppose the plea of Akubo, saying the bail was at the discretion of the court.
“Although bail is at the discretion of the court but I shall urge the court to grant the bail with a condition that would make the accused to be available for trial.
“I therefore, leave the issue of conditions to your lordship to decide,” Shittu told the court.
The Judge, Justice David Okorowo, in his ruling granted all the accused bail in line with the constitution.
He said that an economic offence was a serious offence, irrespective of the amount involved.
The judge, however, granted the accused bail in the sum of N20 million each with a surety in the like sum.
Okorowo said the surety must be the owner of landed property within the jurisprudence of Abuja Municipal Area Council with a proof of Certificate of Occupancy from Abuja Geographical Information System.
The judge also said that both the accused and the sureties must submit their international passports to the Deputy Court Registrar.
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