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Published On: Tue, Jan 28th, 2020

Alleged $1.1bn Fraud: Court decides Adoke’s bail application January 30

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By Vivian Okejeme, Abuja

The Federal Capital Territory High Court, Gwagwalada will on January 30, decide whether to grant bail to former Attorney General of the Federation (AGF) and Minister of Justice, Mohammed Adoke SAN and six others.
Justice Abubakar Kutigi after hearing the bail application from the parties on whether to grant him bail or not in the corruption charges linking them in the Malabu oil deal.
Adoke and his co-defendants were yesterday, arraigned on a 42 count charge of fraud, criminal breach of trust amongst others.
In the charge with number CR/151/2020, the federal government is alleging that Adoke and other respondents received gratification to carry out a fraudulent oil deal.
The others are Aliu Abubakar, Rasky Gbinigie, Malabu Oil and Gas Limited, Nigeria Agip Exploration Limited, Shell Ultra Deep Limited and Shell Nigeria Exploration Production Limited.
Adoke was alleged to have in August 2013 in Abuja while serving as a minister knowingly received United State Dollars equivalent of N300million which is reasonably suspected of having been unlawfully obtained and thereby committed offence punishable under Section 319A of the Penal Code, Cap. 532 laws of the federation of Nigeria, 1990.
Another defendant, Rasky Gbinigie was accused of conspiring with one Munamuna Seidougha (at large), Amaran Joseph (at large) and Dauzia Etete (at large), sometime in 2013, in Abuja, to dishonestly used as genuine the forged form CAC 7 and Board Resolution of Malabu Oil and Gas Limited and the letter of resignation of one Mohammed Sani to open a Bank Account No. 2018288005 with First Bank of Nigeria Plc to receive the sum of $401,540,000.00.
However, they pleaded not guilty to all the charges.
Following their plea of not guilty, prosecution counsel, Bala Sanga, prayed the court to order the remand of the defendants in a correctional centre pending the commencement of trial.
But counsel to the defendants pleaded with Justice Kutigi to order remand of the defendants with the Economic and Financial Crimes Commission (EFCC).
The court in granting the request adjourned till Monday for hearing of the defendants’ bail applications.
When the matter was called on Monday, counsel to the defendants, Chief Kanu Agabi SAN, Chief Wole Olanipekun SAN, Mr George Ikoli SAN counsel to the first, second and third defendants respectively urged the court to admit their clients to bail because the alleged offences they are accused of are bail able.
The defence lawyers, who argued that the defendants are entitled to bail and hqy also made themselves available to court, however urged the court to admit the defendants to a bail conditions that they would be able to afford.
However, counsel to the EFCC Mr. Bala Sanga urged the court to deny the defendants bail because they are all flight risk and it took the prosecution a great deal of time to bring them to court for arraignment.
Justice Kutigi however said ruling on the bail applications would be delivered on Thursday January 30.
Recall that the court had ordered the remand of the defendants in custody of the EFCC pending the hearing and determination of their bail applications.

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