Court Releases Subsidy Fraud Suspect With Criminal Record 4 years ago 10

One of the suspects of fuel subsidy fraud, Oluwaseun Ogunbambo, who was earlier denied bail due to his history of unresolved criminal allegations and multiplicity of identity, has regained his freedom before another judge of a Lagos High Court.

This came after the Economic and Financial Crimes Commission filed separate charges of bank fraud against him.

The accused allegedly obtained separate loans of N230m and N430m from Stanbic IBTC Plc in 2010 with forged documents.

Justice Adeniyi Onigbanjo had on August 1 denied Ogunbambo bail after he was arraigned along with Habila Theck and their firm, Fargo Energy Limited, on six counts of fraudulent collection of N976.6m from the Federal Government purportedly as payment for subsidy on importation of petrol.

While Theck was granted bail, Ogunbambo’s bail application was refused.

However, the accused was, on August 19, released on bail by Justice Lateefat Folami, a vacation judge, who the accused turned to during the judges’ annual vacation.

Ogunbambo had asked Justice Folami for bail on the grounds of ill health. The judge had granted the bail despite admitting that his grounds of ill health were “unmeritorious”.

Onigbanjo had ordered Ogumbambo to be remanded in Ikoyi Prisons, saying “his multiple identity and his propensity to get multiple passports each time one was seized,” were weighty enough to warrant the denial of the bail.

Onigbanjo also refused the bail application on the grounds of the accused person’s “previous and unresolved criminal allegations”.

Rather than granting bail, Onigbanjo granted an accelerated hearing of the trial, saying the suspect’s criminal history had “cast a huge question” and doubt on his claim that he would not “take flight” and be available to attend trial.

Counsel for EFCC, Mr. Rotimi Jacobs, had, before Onigbanjo, lamented the difficulty encountered by the commission in arresting the accused and charging him.

Jacobs said Nigerian and British passports were seized from him in 2010 when he was granted administrative bail during his investigation for the alleged crime.

“He was invited and released on bail but jumped bail and that has stalled the trial since 2010,” Jacobs said. Home Page

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