N5.1bn fraud: Court grants Dudafa N500m bail
A Federal High Court in Lagos on Monday granted bail to Warpamo Dudafa, a former Special Adviser on Domestic Affairs to ex-President Goodluck Jonathan, in the sum of N500 million.
Dudafa, who was dragged to the court by the Economic and Financial Crimes Commission (EFCC), is facing a 23-count charge bordering on alleged fraud involving N5.1 billion.
Justice Mohammed Idris, who granted the bail at today’s sitting, ordered the suspect to produce three sureties in like sum.
The court also granted bail to two co-accused, Iwejo Joseph, who is also known as Taiwo Ebenezer, and Olugbenga Isaiah, in the sum of N250 million, with two sureties in like sum.
The judge ordered that the sureties must have landed properties within the jurisdiction of the court.
He also ordered that the accused persons must deposit their international passports with the court’s Deputy Chief Registrar.
He also ordered that the accused persons be remanded in prisons custody pending the perfection of their bail terms.
Idris then adjourned the case to July 4 and 5 for trial.
The News Agency of Nigeria (NAN) reports that the accused had pleaded not guilty to the charges.
Details of the charges indicated that the accused had, between June 11, 2013, and June 2015, allegedly used different companies to commit the offences.
The accused were alleged to have concealed proceeds of the crimes that were well more than N5 billion, contrary to the provisions of the Money Laundering Prohibition Act, 2012.
The alleged offences, according to the relevant law, are contrary to, and punishable under Sections 17(a), 18(c), and 27 (3) (c) of the EFCC Establishment) Act 2004.
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