Lagos Speaker, Ikuforiji perfects bail conditions

Speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji and
his Personal Assistant, Oyebode Atoyebi, on Thursday, met the bail
condition granted them by a Federal High Court Lagos.
The accused were charged by the Economic and Financial Crimes
Commission (EFCC) on 54 counts of money laundering.
They had pleaded not guilty to the charge and the trial Judge, Justice
Ibrahim Buba had granted them bail in the sum of N1 billion each with
two sureties each in the sum of N500 million.
The judge also gave them an ultimatum of 48-hours within which to
fulfil the bail conditions, adding that a bench warrant will be issued
against them where they default.
On June 25, Ikuforiji perfected his bail condition by producing two
sureties namely:
Alhaji Taiwo Oludayo, who is the Proprietor of Oludayo International
Agency, and owner of landed property at 56, Kofo Abayomi Avenue Apapa,
Lagos.
The second surety is Mr Adeyemo Abdulyekini, owner of landed property
at Block A8, Plot 14, Isheri-North residential scheme in Kosofe area
of Lagos state.
Also Atoyebi perfected his bail on June 26 by producing two sureties namely:
Chief Hameed Dosumu, Managing Director of Williams and Co Development
works located at No. 104, Ojuolobu St., Lagos Island.
The second surety is Mrs Ajibola Lawal, Managing Director of Fiona
Lawton Nig. Ltd. Located at No. 18, Adediran St., Magodo GRA Shangisha
Lagos.
In the charge, the accused were alleged to have conspired between
April 2010 and July 2011, to commit the offences.
They were alleged to have committed an illegal act of accepting cash
payments amounting to N273, 303, 780 million from the Lagos House of
Assembly (LAHA) without going through a financial institution.
According to the charge, Ikuforiji was also alleged to have used his
position to misappropriate about N500 million of the LAHA's funds.
The offence contravenes the provisions of Section 18(a) of the Money
Laundering (prohibition) Act 2011, which attracts a term of not less
than five years imprisonment upon conviction. (NAN)