A bank official on Tuesday told a Federal High Court in Lagos how the bank took a bullion van to the Akure Airport in Ondo State to evacuate N1.219billion cash from an aircraft in 2014.
He pleaded not guilty and was granted N50 million bail on October 24, 2018, with two sureties in the like sum.He repeated his plea and was allowed to continue on the earlier bail granted, while the case was adjourned for trial. He listed the three accounts as those of Privateer Nigeria Ltd, Spotless Investment Ltd and “a personal account of His Excellency .”
He explained that it was the standard practice that banks must report cash transactions above N1million for an individual and N5million for a corporate body. “You also agree that the defendant invited your bank because they too believed the transaction was appropriate?” Olanipekun asked.When the second defence counsel, Mr. Olalekan Ojo , told Oshode that “at no time did you see the first defendant filling any teller at any branch of your bank, either in Ekiti or Akure,” the banker said, “Excellency will not do that.”According to the charge, on June 17, 2014, Fayose and one Abiodun Agbele were said to have taken possession of the sum of N1.
Fayose was alleged to have procured De Privateer Ltd and Still Earth Ltd, to retain the aggregate sums of N851million, which they reasonably ought to have known formed part of crime proceeds.
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