A Federal High Court sitting in Ilorin, Kwara State, before Justice Babangana Ashigar, has postponed the bail hearing of four officials of the State Government arraigned by the Economic and Financial Crimes Commission , Ilorin Zonal Office on money laundering.
The four men were first arraigned on May 2 on two counts of money laundering and making cash payments of N20.3 million. The sum was said to have exceeded the limitation of 10 million Naira payable to a corporate body and thereby resulting in an offence contrary to Section 1 and punishable under Section 16 of the same act.
In response, the lead counsel to the defence, Abdulwahab Bamidele, however, noted that the case was bordering on money laundering which does not involve human lives, hence it is bailable.
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