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

N650m: Why EFCC Rejected Akinjide’s Settlement Offer‎ ‎

February 23, 2018

Oyo NIPR Mourns Oloye Lekan Alabi, Describes His Death As Monumental Loss To PR Profession

August 1, 2026
BREAKING: Kidnapped Oyo Pupils, Teachers Regain Freedom in Oriire LGA

Tell Us What You Know — Oyo Judicial Panel Invites Public On Oriire Abduction Probe

August 1, 2026
Lekan Alabi, Ibadan Chief and Veteran Journalist, Dies at 76

Lekan Alabi, Ibadan Chief and Veteran Journalist, Dies at 76

August 1, 2026
Adeniran Takes Over As Oyo APM Campaign DG, Pledges Victory

Adeniran Takes Over As Oyo APM Campaign DG, Pledges Victory

August 1, 2026
Relief For Residents As Olorunsogo LG Chairman Rebuilds Dilapidated Bridge, Lists Achievements

Relief For Residents As Olorunsogo LG Chairman Rebuilds Dilapidated Bridge, Lists Achievements

July 31, 2026
OEHS Sends Forth 41st Graduating Set as Mama Empowerment Urges School Leavers to Embrace Entrepreneurship, Others

OEHS Sends Forth 41st Graduating Set as Mama Empowerment Urges School Leavers to Embrace Entrepreneurship, Others

July 30, 2026
George Aid Foundation Spices Up School Anniversary With Food Distribution, Free Medical Outreach

George Aid Foundation Spices Up School Anniversary With Food Distribution, Free Medical Outreach

July 30, 2026
I’ve Heard People Ask, ‘Where Are The Two Aircraft?’ — They Are Here Now” — Makinde Tells Oyo Residents

Surveillance Aircraft In Igbeti Will Boost Investment, Enhance Security — Olorunsogo LG Chairman Hails Makinde 

July 30, 2026
Ex-Oyo SSG, Sharafadeen Alli, Submits APC Oyo South Senatorial Form

Alli Appoints Ogunbode Deputy Campaign DG, Names Asimiyu, Obisesan, Raji ADGs

July 30, 2026
2027: Alli Promises 48-Hour Committee To Review Ibadan Circular Road Controversies If Elected

2027: Alli Promises 48-Hour Committee To Review Ibadan Circular Road Controversies If Elected

July 30, 2026
Onigbope Hails Makinde as Work Progresses on Kishi-Igbope Road, Commends Acquisition of Surveillance Aircraft

Onigbope Hails Makinde as Work Progresses on Kishi-Igbope Road, Commends Acquisition of Surveillance Aircraft

July 29, 2026
Makinde Urges FG to Fast-Track State Police, Endorses Adekanmbi for Oyo Governor

Oyo SUBEB Chairman, Adeniran, Named APM Campaign DG as Makinde Inaugurates Council Friday

July 29, 2026
">
ADVERTISEMENT
  • InsideOyo
  • Contact Us
  • About Us
  • Privacy Policy
  • Submit A Story
  • Advertise with us
  • Support Us Today
Sunday, August 2, 2026
  • Login
  • Home
  • Political News
    • #OyoDecides – Oyo Elections 2023 I Live Updates
  • General News
  • Special Reports
  • Oyo Campus Gist
  • Jobs
  • Opinion
  • Interview
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

RelatedPosts

Tell Us What You Know — Oyo Judicial Panel Invites Public On Oriire Abduction Probe

Adeniran Takes Over As Oyo APM Campaign DG, Pledges Victory

Relief For Residents As Olorunsogo LG Chairman Rebuilds Dilapidated Bridge, Lists Achievements

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.

">
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:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Threads (Opens in new window) Threads
  • Email a link to a friend (Opens in new window) Email
  • 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

BREAKING: Kidnapped Oyo Pupils, Teachers Regain Freedom in Oriire LGA

Tell Us What You Know — Oyo Judicial Panel Invites Public On Oriire Abduction Probe

by Adebola Sanmi
August 1, 2026
0

The Judicial Commission of Enquiry established by the Oyo State Government to investigate and determine the circumstances surrounding the abduction...

Adeniran Takes Over As Oyo APM Campaign DG, Pledges Victory

Adeniran Takes Over As Oyo APM Campaign DG, Pledges Victory

by Ayo Mukhail
August 1, 2026
0

The Executive Chairman, Oyo State Universal Basic Education Board (OYOSUBEB), Dr. Nureni Aderemi Adeniran has officially assumed office as the...

Relief For Residents As Olorunsogo LG Chairman Rebuilds Dilapidated Bridge, Lists Achievements

Relief For Residents As Olorunsogo LG Chairman Rebuilds Dilapidated Bridge, Lists Achievements

by Adebola Sanmi
July 31, 2026
0

The Executive Chairman of Olorunsogo Local Government, Hon. Qozeem Olayanju 'Orelope', has reaffirmed his administration's commitment to delivering impactful infrastructure...

George Aid Foundation Spices Up School Anniversary With Food Distribution, Free Medical Outreach

George Aid Foundation Spices Up School Anniversary With Food Distribution, Free Medical Outreach

by Ayo Mukhail
July 30, 2026
0

A US-based Nigerian NGO, The George Aid Foundation, has extended humanitarian support to residents of Ogungbade Community in Egbeda Local...

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

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

Copyright © 2025 Inside Media

%d