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‘N1.22bn fraud’: EFCC arraigns Kwara’s ex-finance commissioner, Ademola Banu

by Usman Kadri
April 30, 2024
Reading Time: 1 min read
‘N1.22bn fraud’: EFCC arraigns Kwara’s ex-finance commissioner, Ademola Banu
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The Economic and Financial Crimes Commission (EFCC) has arraigned Ademola Banu, a former commissioner for finance in Kwara, over alleged money laundering and misappropriation of state funds to the tune of N1.22 billion.

Banu was arraigned on Monday before Evelyn Anyadike, judge of the federal high court in Ilorin, Kwara state capital.

He is alleged to have conspired to divert the funds during the administration of Abdulfatah Ahmed, former governor of Kwara, between May 2011 and May 2019, while serving as the commissioner for finance.

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In a press statement on Tuesday, Dele Oyewale, EFCC spokesperson, said Banu was to be arraigned alongside the former governor on February 23 but was absent in court and had no legal representation.

The court then issued a bench warrant against him upon an application by Rotimi Jacobs, counsel to the EFCC.

The former governor was arraigned on the 12-count charge and the matter was adjourned till April 29.

At the resumed sitting, Ahmed and Banu, listed as the first and second defendants, respectively, were present in court.

When the case was called, A. A. Ajibade announced the appearance for Ahmed, while Gboyega Oyewole represented Banu.

Oyewole prayed the court to discharge the bench warrant earlier issued against his client, which the EFCC counsel did not oppose.

In a short ruling, Anyadike vacated the bench warrant on the second defendant.

Banu pleaded not guilty to the counts.

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