N124 million: EFCC arraigns ex-banker over theft allegations

Sonde Adejare

The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office, on Monday arraigned a former banker, Adejare Sonde, before the State High Court, Abeokuta, Ogun State on a 12-count charge bordering on stealing of about N124 million, forgery and altering of documents.

The defendant, who appeared before judge, A. A Akinyemi, however, pleaded not guilty to the charges against him.

In view of his plea, prosecution counsel, Cosmos Ugwu prayed the court for a trial date and urged the court to remand the defendant in prison custody.

The counsel to the defendant, E. E. Jacob informed the court of a bail application already filed before the court. He thereafter prayed the court to allow the defendant remain in the EFCC’s custody pending the hearing of the bail application.

Mr. Akinyemi granted the defence prayer and ordered that the defendant be remanded in EFCC’s custody pending hearing of bail application.

The case was adjourned to Friday February 16, 2018 for trial and hearing of bail application.

Support PREMIUM TIMES' journalism of integrity and credibility


Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: To place a text-based advert here. Call Willie - +2347088095401

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.