Bank depositors protest in court over alleged $200m oil scam

[FILE PHOTO] court

Again, the absence of two businessmen, Yusuf Yahaya Kwande, Osahon Asemota, together with their five companies alleged of $200 million diesel scam, on Monday stalled their arraignment before Justice Mojisola Dada of a Special Offences court sitting in Ikeja.
Justice Dada had on October 22, fixed November 5 for the arraignment of the suspects who were charged by the Economic and Financial Crimes Commission (EFCC).

The EFCC had in the three-count charge filed against them and their companies, Trafigura PTE Limited, Mettle Energy and Gas, Rebrandt Ltd, and Jil Engineering and Oil Services Limited alleged that they conspired to commit a felony, stealing and receiving stolen property.

Meanwhile, a group of Spring Bank depositors stormed the court premises to protest.

The protesters claimed that Spring Bank collapsed because it financed the oil contract, thereby making them to lose their deposits. They called on the court to do justice in the case by ordering the accused persons in the case to pay back the funds they surreptitiously stole from Spring Bank so that they can recover their deposits.
However, when the matter came up for hearing, counsel to Asemota, Mr. Anthony Osa-Orhue Agarunwonyi told the court that the health of his client has got worse. He said his client could hardly walk.

Responding, EFCC counsel, Mr. Rotimi Jacobs (SAN), queried the medical report, calling it “strange.” The judge subsequently adjourned the case till November 28, for arraignment and trial of the defendants.

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