A Federal High Court, in Lagos, today, granted bail to Peoples Democratic Party, PDP, Deputy National Chairman, (South) Yemi Akinwonmi and two senior officials of the Independent National Electoral Commission (INEC) arraigned by the Economic and Financial Crimes Commission (EFCC) over alleged N179.8 million fraud.
Judge also directed the Odugbesan to produce the original copy of his call to Bar Certificate.
Trial of the three accused persons is expected to commence after the court’s long vacation.
It would be recalled that the three accused who are from Ogun State INEC office had earlier been arraigned before Justice Sule Hassan on an eight count-charge bordering on conspiracy, by befitting from proceeds of crime, receiving various cash sums without going through financial institutions and accepting various cash sums exceeding amount authorized by the law.
The three accused persons were said to have received the said money from Guaranty Trust Bank (GTB), United Bank for Africa (UBA), Stanbic/IBTC, Diamond Bank Plc, First City Monument Bank (FCMB) Skye Bank Plc and Diamond Bank Plc, sometimes in March 2015, during General Election
The offences according to the prosecution led by Rotimi Oyedepo are contrary to section 18 (a), 15(2)(d), 16 (d) 1(a), 16 (1) (d), and 16 (d) of the Money Laundering (Prohibition) Act 2011 as Amended and punishable under 15 (3)(4) and 16 (2)(b) of the same Act.
The accused had however pleaded not guilty to all the charges.
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