COURT GRANTS NGIGE BAIL DESPITE EFCC OBJECTIONS, SPARKS DEBATE OVER CORRUPTION TRIALS. (PHOTO).

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 Court Grants Ngige Bail Despite EFCC Objections, Sparks Debate Over Corruption Trials In a move stirring controversy, former Labour Minister and ex-Anambra State Governor, Dr. Chris Ngige, has been granted bail by Justice Maryam Aliyu Hassan of the FCT High Court, even as he faces an eight-count corruption charge filed by the Economic and Financial Crimes Commission (EFCC). While the court adopted the administrative bail previously granted by the EFCC on self-recognizance, it imposed stringent conditions: Ngige must produce a surety who is a Federal Government director, owns land in the FCT with a Certificate of Occupancy, and submits both the original certificate and international passport to the court. Until these are fulfilled, Ngige remains in Kuje Prison. Justice Hassan stressed the constitutional principle that defendants are presumed innocent until proven guilty and warned against bail conditions so harsh they amount to denial of liberty — a point clearly at odds with EFCC’...
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EFCC ARRESTS MAN FOR ALLEGED N800M FRAUD IN LAGOS.{PHOTO}.#PRESS RELEASE.

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Operatives of the Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC, have arrested one Adeleke Adeyemi for his involvement in an alleged case of conspiracy, obtaining money by false pretence, diversion of funds, issuance of dud cheques and money laundering to the tune of N800,000.00( Eight Hundred Million Naira).
Adeyemi, together with his accomplice, Odusanya Ayotunde Memphis (now at large), in their capacities as directors at Wafa Aggregate Limited, allegedly approached Eco Bank Plc for a loan facility of N800million for the procurement of petroleum products from Covalent Oil & Gas Services Limited in October, 2011.
Upon receipt of the loan facility, Adeyemi and Memphis allegedly diverted the funds to their personal use and defaulted in paying back the loan.
Investigation revealed that the five Diamond Bank Plc cheques of N10million each issued by the suspect and his accomplice were returned unpaid upon presentation.
The suspect will soon be charged to court.
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