The Financial and Monetary Crimes Fee, EFCC, has arraigned Joel Madaki and Felix Bilishan Tagwame, earlier than Justice A.M. Anka of the Federal Excessive Court docket, Yola, Adamawa State, on 4 counts bordering on conspiracy, misappropriation and diversion of funds.
Investigation into the $115million fraud involving Diezani Alison-Madueke, a former Minister of Petroleum Sources, was linked to them. It was additional revealed that the stated funds have been exchanged to an equal sum of N23, 299,705,000 and was used for the 2015 presidential election. Substantial quantity of the funds, investigations confirmed, have been shared to some workers of the Unbiased Nationwide Electoral Fee, INEC throughout the nation by Constancy Financial institution on behalf of Madueke.
One of many counts reads: “That you simply, Chief Madaki, Amb. Hassan Adamu (now at massive) typically in March 2015 at Yola, Adamawa State of Nigeria inside the Jurisdiction of this Honourable courtroom, did conspire amongst yourselves to simply accept money cost of the sum of 4 Hundred and Fifty Million Naira solely (N450,000,000) from one Shaba Mohammed, Head of Operations, Yola Department of Constancy Financial institution, Adamawa State, which sum exceeded the quantity licensed by legislation and thereby dedicated and offence opposite to part 18 (1) (a) of the Cash Laundering (prohibition) (amended) Act. 2012 and punishable below part 16 (2) (b) of the Identical Act”.
One other depend reads: “That you simply Chief Joel Madaki, Felix Bilishan Tagwame and Amb. Hassan Adamu (now at massive) typically in March 2015 at Yola, Adamawa State inside the jurisdiction of this Honourable Court docket, did conspire amongst yourselves to make money cost of the sum of 4 Hundred and Thirty 9 Million, 9 Hundred and Forty Thousand Naira (N439,940,000) which sum exceeded the quantity licensed by legislation and thereby dedicated an offence opposite to part 18(1) (a) of the cash laundering (prohibited) (amended) Act, 2012 and punishable below part 16 (2) (b) of the identical act”.
They pleaded “not responsible” to the costs. Prosecuting counsel, A.M. Labaran requested for a date for trial to begin and urged the Court docket to remand them in jail custody.
Defence counsel, A.T. Shehu, nevertheless, moved functions for bail. The applying for bail, was nevertheless, opposed by the prosecution. Justice Anka, after listening to the varied arguments, granted them bail within the sum of N200million and surety in like sum.
“The surety have to be 50 years or above, residing inside the courtroom jurisdiction, the surety should submit his financial institution statements to the registry of the courtroom, to additionally swear to affidavit of means, the surety should have everlasting voters card and nationwide ID card, the surety should submit two passport images to the courtroom, the surety should have verifiable telephone numbers, the tackle of the surety to be verified by the courtroom and the prosecution,” the decide added.
The matter has been adjourned to February 5, 2019 for trial.