EFCC arraigns Ogun Speaker, others for alleged N2.5bn fraud

The Economic and Financial Crimes Commission (EFCC) charged Olakunle Oluomo, Speaker of the Ogun State House of Assembly, on Tuesday with allegedly diverting N2.5 billion from the Assembly.

The Clerk of the House, Taiwo Adeyemo, and the Director of Finance, Oladayo Samuel, were also arraigned alongside the Speaker.

They appeared in front of Justice Daniel Osiagor of the Federal High Court in Lagos.

The EFCC accused Oluomo and others of forging receipts and signatures in order to divert large sums of money totaling billions of Naira.

They have pleaded not guilty to the 11-count charge that has been brought against them.

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Meanwhile, the Speaker and others have been granted bail by the court.
Oluomo, who is the first defendant, was granted bail in the sum of N300 million, with two sureties in like sum.

One of the sureties, the court said, must be a Level-16 civil servant in the Federal Civil Service.

The other defendants were granted bail in the sum of N100 million each, with two sureties each in like sum, one of whom must not be less than a Level-14 officer in the civil service.

The court held that all the sureties must possess landed properties within the court’s jurisdiction, with evidence of three-year tax clearance, while swearing to an affidavit of means.

Oluomo and other defendants have been asked to submit their travel documents at the court registry.


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