Court remands suspended AGF over alleged 109.5bn fraud

Other defendants are Olusegun Akindele, Mohammed Usman and Gezawa Commodity Market and Exchange Limited.

The Economic and Financial Crime Commission (EFCC) arraigned them on a 14-count charge of alleged misappropriation of N109.5 billion.

Justice O. Adeyemi Ajayi gave the order after the submission of all counsel in the matter.

She ordered that the defendants be remanded at Kuje correctional centre pending bail applications.

She adjourned until July 27 for hearing in the bail applications.

Earlier, Counsel to Idris, Chris Uche SAN prayed the court to allow the defendant to continue enjoying the administrative bail granted to him by the EFCC.

Uche added that the EFCC has the defendant’s international passport, and as such they should be allowed to come back on Monday to take their bail application.

He urged the court to permit the defendants to come back on Monday and not remand them at any correctional facility.

However, the EFCC’s counsel, Rotimi Jacobs, SAN said the administrative bail ended once the charge was filed.

Rotimi argued that allowing the Defendants to go home after their arraignment, without hearing and determination of their formal bail applications, would send a wrong signal to the society.

“To ask them to go home without coming to argue the application for bail will send a wrong signal to the society that if a less important citizen is arraigned, such person would be made to suffer.

“Having filed the application, we need to react to what they said, especially on the issue that they were granted administrative bail and they complied to it”.

Delivering her ruling, Ajayi held that the court was not a puppet to dance to the rhythm of public opinions.

Uche pleaded with the court that due to the porous security nature of the Kuje correctional facility, his client should be remanded in the EFCC custody.

EFCC alleged that between February and December, 2021, Idris accepted from Olusegun Akindele, a gratification of N15,136,221,921.46 which sum was as a motive for accelerating the payment of 13% derivation to the nine (9) oil producing Sates in the Federation, through the office of the Accountant General of the Federation.

It also alleged that N84,390,000,00 from the federal government’s account was converted by the first and second defendants between Feb. and Nov.,2021.

EFCC said the offence contravenes
Section 155 and 315 of the Penal Code Act Cap 532 Laws of the Federation of Nigeria 1990.

The defendants pleaded not guilty to the allegations against them.