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EFCC Re-arraigns Lagos Assembly Speaker, Gets N1billion Bail

Channels Television  
Updated June 24, 2013

The Economic and Financial Crimes Commission (EFCC) has re-arraigned the Speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji, and his personal assistant, Oyebode Atoyebi for their alleged involvement in laundering over N273million belonging to the Lagos State House of Assembly.

Both men were on Monday, re-arraigned at the Federal High Court, Lagos before Justice Ibrahim Buba.

The offence is said to be contrary to Sections 18(A) of the Money laundering (Prohibition) Act 2011 and punishable under Section 16(2)(B) of the same Act.

They both pleaded not guilty to an amended 54-count charge and have been granted bail in the sum of N1billion each.

The court also made a bail condition for two sureties each in the sum of N5million each.

The sureties are to swear to an affidavit of means, while the two accused persons must give an undertaking that they would always be present in court for their trial.

“They would not be remanded in prison custody if they are able to perfect the bail conditions within 48 hours. But if they fail, a bench warrant will be issued against them” the Judge ruled.

The duo had earlier been arraigned on March 1, 2012 on a 20-count charge.

The trial is however to commence afresh following the retirement of the previous judge, Justice Okechukwu Okeke.

The fresh date for the trial is the 25th of September.