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Adeyemi Ikuforiji Meets Bail Conditions

June 28, 2013

Speaker of the Lagos State House of Assembly, Adeyemi Ikuforiji on Thursday, met the bail conditions of N1 billion with two sureties in the sum of N500 million granted him by a Federal High Court Lagos.

Ikuforiji perfected his bail condition by producing two sureties namely: Taiwo Oludayo, who is the Proprietor of Oludayo International Agency, and owner of landed property at 5wner of landed property at Block A8, Plot 14, Isheri-North residential scheme in Kosofe area of Lagos state.

In the charge, Ikuforiji  was alleged to have illegally accepted cash payments amounting to N273m from the Lagos House of Assembly (LAHA) without going through a financial institution between April 2010 and July 2011.

Also, he was alleged to have used his position to misappropriate about N500 million of the LAHA’s funds an offence which contravenes the provisions of Section 18(a) of the Money Laundering (prohibition) Act 2011 and attracts a term of not less than five years imprisonment upon conviction.

The case has been adjourned till July.

Posted from WordPress for BlackBerry.

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