• Latest
  • Trending
  • All
EFCC Ibadan Zonal Office Secures 7 Convictions

N650m: Why EFCC Rejected Akinjide’s Settlement Offer‎ ‎

February 23, 2018
Oyo Govt, UNICEF Partner to Tackle Menstrual Stigma, Advocate for Subsidies

Oyo Govt, UNICEF Partner to Tackle Menstrual Stigma, Advocate for Subsidies

May 30, 2025
Celebrating Six Years of Landmark Achievement of Governor Seyi Makinde in Oyo By Amofin Beulah Adeoye

Celebrating Six Years of Landmark Achievement of Governor Seyi Makinde in Oyo By Amofin Beulah Adeoye

May 29, 2025
Oyo Council of Obas Bill: Olugbon Calls for Halt, Cites Lack of Consultation

Olugbon Royal Family Disowns Oba Francis Olusola Alao Over Tussle with Soun of Ogbomoso

May 29, 2025
Makinde And General Knowledge Questions Of The Future By Sulaimon Olanrewaju 

6th Anniversary: Oyo LG Chairmen Express Satisfaction With Makinde’s Performance 

May 29, 2025
Femi Julius Congratulates Makinde on 6 Years of Unprecedented Growth in Oyo 

Femi Julius Congratulates Makinde on 6 Years of Unprecedented Growth in Oyo 

May 29, 2025
We Failed But We Aren’t Criminals – FarmKonnects Responds To Allegations

We Failed But We Aren’t Criminals – FarmKonnects Responds To Allegations

May 29, 2025
Makinde And General Knowledge Questions Of The Future By Sulaimon Olanrewaju 

Makinde And General Knowledge Questions Of The Future By Sulaimon Olanrewaju 

May 29, 2025
Adeseun Ogundoyin Polytechnic Hosts First Inaugural Lecture on Justice at the Grassroots

Adeseun Ogundoyin Polytechnic Hosts First Inaugural Lecture on Justice at the Grassroots

May 29, 2025
Nation’s Pride School Holds Inter House Sport, Seeks Parents Continued Support

Nation’s Pride School Holds Inter House Sport, Seeks Parents Continued Support

May 29, 2025
Oyo Govt Sets For 2nd Phase Of Polio Vaccination Exercise For Children

Oyo Govt Shuts Church For Violating Environmental Laws 

May 29, 2025
Tertiary Institutions Unions in Oyo Declare Indefinite Strike Over Unpaid Wage Increments

Ring Road State Hospital Gets New Lease On Life As Makinde Hands Over 31 Medical Equipment

May 29, 2025
Peace Begins Within: WPI’s Empowerment Boot Camp Ignites Change in Nigeria

Peace Begins Within: WPI’s Empowerment Boot Camp Ignites Change in Nigeria

May 29, 2025
">
  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today
  • Makinde And General Knowledge Questions Of The Future By Sulaimon Olanrewaju
Friday, May 30, 2025
  • Login
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview
  • Makinde And General Knowledge Questions Of The Future By Sulaimon Olanrewaju
No Result
View All Result
No Result
View All Result
">
">

N650m: Why EFCC Rejected Akinjide’s Settlement Offer‎ ‎

by Jamaz
February 23, 2018
in Home, Political News
0
EFCC Ibadan Zonal Office Secures 7 Convictions
">

The Economic and Financial Crimes Commission, EFCC, Thursday rejected an offer for an out-of-court settlement by a former Minister of the Federal Capital Territory, Jumoke Akinjide, who was accused of money laundering.

Akinjide was charged along with former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, who is said to be at large, a former Senator Ayo Adeseun and a People’s Democratic Party (PDP) stalwart Chief Olarenwaju Otiti.

RelatedPosts

Celebrating Six Years of Landmark Achievement of Governor Seyi Makinde in Oyo By Amofin Beulah Adeoye

6th Anniversary: Oyo LG Chairmen Express Satisfaction With Makinde’s Performance 

Femi Julius Congratulates Makinde on 6 Years of Unprecedented Growth in Oyo 

ADVERTISEMENT

They were accused of conspiring to directly take possession of N650million, which they reasonably ought to have known forms part of the proceeds of an unlawful act, and without going through a financial institution.

Justice Muslim had adjourned to enable parties conclude the settlement talks after Akinjide’s lawyer Chief Bolaji Ayorinde (SAN) reported that the N650million had been returned.

Thursday, EFCC’s lawyer Nnaemeka Omenwa, who stood in for Rotimi Oyedepo, said he was instructed to turn down the proposal.

ADVERTISEMENT

“I have instruction to reject the proposal as it’s not in line with the provisions of the Administration of Criminal Justice Act (ACJA). Based on that, we’re ready to go on with the trial, subject to your Lordship’s overriding convenience,” he said.

But defence counsel Ayorinde and Michael Lana (for second defendant) accused Oyedepo of a breach of agreement.

Ayorinde said the defendants made a proposal to the prosecution in line with Section 14 of the EFCC Act.

“For the purposes of your Lordship’s record and because of the public interest that this case seems to unnecessarily attract, our proposal was made in accordance with established laws and there is no fixation on Section 270 of the ACJA.

“We’re very confident that this case is a sham and we’ll defend it vigorously. It’s political and we’ll show that it’s unnecessary and a waste of time and resources of the court,” Ayorinde said.

Lana accused EFCC breaching an agreement reached by parties with regards to the settlement, saying it amounted to a “betrayal”.

He said the defendants agreed to withdraw a civil suit against EFCC and Oyedepo after the prosecuting counsel indicated that the commission was open to an out of court settlement.

“Their refusal to consider the terms of settlement is to say the least a betrayal of trust by a lawyer. A representation was made to us that we should withdraw a civil suit we filed. Oyedepo is the first defendant in the suit.

“He made a proposal to us which we believed. On the day of the first arraignment in Ibadan, Oyedepo and Chief Ayorinde informed the court that they had agreed to settle. But the judge decided that the defendants should be arraigned while the talks continued.

“We withdrew the suit and the money they requested was paid. That’s why we were surprised when we received a hearing notice. A lawyer’s words should be sacrosanct. That’s an abuse of office. Oyedepo was the initiator of the settlement. That’s like 419. We’re highly disappointed with Oyedepo,” Lana said.

But, Omenwa denied that the case was politically motivated, adding that there was no proof to support the claims against Oyedepo.

“The EFCC is not a political party. We’re an independent organisation and are not out to witch-hunt anybody.

“There is no documentary evidence that they had any such agreement with Oyedepo that they should withdraw their suit. There’s no evidence before my Lord,” he said.

In short ruling, Justice Hassan said since settlement talks had “broken down,” EFCC was at liberty to call its witness.

Trial began immediately with Omenwa calling the first witness, a banker Mrs Kehinde Adeniyi, who said she is the Head of Customer Relations at her bank’s Dugbe, Ibadan branch. She said she knew Akinjide and Adeseun.

Asked to narrate her connection with them, she said: “On March 26, 2015, I received a call from our Head of Operations Mr Martins Izuegbe that we should pay the sum of N650million to Akinjide, Adeseun and Hon Taiwo Yinka once they produce two means of identification and sign a receipt of payment.

“They came, signed and the payment was made. The payment was in naira. They came with their Hillux van to pick up the cash in a box.”

The receipt of payment was tendered in evidence.

The witness said under cross examination by Chief Ayorinde that she made three statements at the EFCC, which were also tendered in evidence.

Adeniyi said she merely carried out instructions, and that she did not know the source of the funds.

She added that she knew Mrs. Alison-Madueke, and that she did not know how the money was used.

Justice Hassan adjourned until March 8 and 9 for continuation of trial.

Share this:

  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Tweet
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on Threads (Opens in new window) Threads
  • Click to email a link to a friend (Opens in new window) Email
  • Click to share on Bluesky (Opens in new window) Bluesky

Like this:

Like Loading...
Tags: CorruptionEFCCJumoke AkinjidePDP
">
Previous Post

After 8 Years Of Silence, Ibadan-born Sade Adu Drops New Song

Next Post

Ladoja’s Group Meets, Describes Harmonisation Of Oyo PDP Exco List As ‘Mere Rumour’

Jamaz

Jamaz

I'm what you can see that I'm. I love feeding the public...

Related Posts

Celebrating Six Years of Landmark Achievement of Governor Seyi Makinde in Oyo By Amofin Beulah Adeoye

Celebrating Six Years of Landmark Achievement of Governor Seyi Makinde in Oyo By Amofin Beulah Adeoye

by InsideOyo
May 29, 2025
0

It's exactly 72 months today, Governor Seyi Makinde took the first oath of office as Governor of Oyo State. His...

Makinde And General Knowledge Questions Of The Future By Sulaimon Olanrewaju 

6th Anniversary: Oyo LG Chairmen Express Satisfaction With Makinde’s Performance 

by Ayo Mukhail
May 29, 2025
0

Local Government Chairmen across Oyo State have poured encomiums on Governor Seyi Makinde as he marks the second year of...

Femi Julius Congratulates Makinde on 6 Years of Unprecedented Growth in Oyo 

Femi Julius Congratulates Makinde on 6 Years of Unprecedented Growth in Oyo 

by Deji Moore
May 29, 2025
0

The Chairman of the Oyo State House of Assembly Service Commission, Hon. Femi Julius Okedoyin, has extended his heartfelt congratulations...

Dikko Exonerated As Oyo Assembly Dismisses Petition Against Pace Setter Transport Service

Dikko Exonerated As Oyo Assembly Dismisses Petition Against Pace Setter Transport Service

by Ayo Mukhail
May 28, 2025
0

The Oyo State House of Assembly has dismissed the petition written against the management of the Oyo State Pacesetter Transport...

Next Post
Ladoja Says He Will Not Contest Any Political Seat Again But Still In Politics

Ladoja's Group Meets, Describes Harmonisation Of Oyo PDP Exco List As 'Mere Rumour'

Please login to join discussion

Are YOU in distress? Call Oyo State Emergency Number NOW!!!

oyo State Emergency Number

Click to download InsideOyo.com App

Join Our WhatsApp Group

Copyright © 2025 Inside Media

Navigate Site

  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today
  • Makinde And General Knowledge Questions Of The Future By Sulaimon Olanrewaju

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview
  • Makinde And General Knowledge Questions Of The Future By Sulaimon Olanrewaju

Copyright © 2025 Inside Media

%d