EFCC arraigns father, son over illegal banking activities in Lagos
By Paul Michael
- As Surety bags five years for impersonation in Kaduna
The Economic and Financial Crimes Commission (EFCC) in Lagos State has arraigned one Emmanuel Jayeoba and his son, Ademola Jayeoba Wales, before Justice I. Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos on a two-count charge bordering on illegal banking activities.
A statement by the EFCC spokesperson, Wilson Uwujaren, said the suspects were arraigned on Monday, 1st August 2022.
According to the statement, one of the counts reads, “that you, Wales Kingdom Capital Limited sometime between October 2019 to December 2020 in Lagos within the jurisdiction of this Honourable Court did carry on banking business without a valid license and thereby committed an offence contrary to Section 2/2) of the Banks and Other Financial Institutions Act, Cap B3, Vol.2, Laws of the Federation of Nigeria, 2004.”
The second count reads, “that you, Adewale Daniel Jayeoba, Emmanuel Jayeoba And Wales Kingdom Capital Limited whilst being Directors of Wales Kingdom Capital Limited sometime between October 2019 to December 2020 in Lagos within the jurisdiction of this Honourable Court knowingly consented to the carrying on of banking business without a valid license by the Company and thereby committed an offence contrary to section 2/2) and 49(1) of the Banks and Other Financial Institutions Act, Cap B3, Vol.2, Laws of the Federation of Nigeria, 2004.”
The suspects were said to have pleaded not guilty to the offence when the counts were read before them.
Following their pleas, the prosecution counsel, Chinenye Okezie asked the court for a trial date and their remand in a correctional facility.
However, counsel to the defendants, Olaniyi George informed the court of a bail application and prayed that his clients be remanded in the custody of the EFCC pending the hearing of the application.
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Justice Oweibo adjourned the case to Wednesday, August 3, 2022, for a hearing of the bail application and ordered the remand of the defendants in EFCC custody.
Meanwhile, the Kaduna Zonal Command of the EFCC on Monday, August 1, 2022, secured the conviction and sentencing of one Ali Sani Yaro before Justice Daruis Khobo of the State High Court Kaduna, on a one-count charge.
Sani allegedly posed as a Grade Level 12 staff of Soba Local Government Area to secure the bail of a suspect under investigation by the EFCC. But the documents he presented were found to be forged in the course of verification by the Commission.
The charge against him read, “That you, Ali Sani Yaro sometime in February 2022 in Kaduna within the jurisdiction of this Honourable Court, pretended to be a staff of Soba Local Government Council on Grade Level 12 before Economic and Financial Crimes Commission, when you stood surety to one Charles Fred and in such assumed character and you thereby committed impersonation, an offence contrary to and punishable under Section 142 (1) of the Penal Code Law, 2017 of Kaduna State.”
He pleaded guilty to the charge. Consequently, the Prosecuting Counsel, Y.J Matiyak, urged the court to convict the defendant accordingly.
In his ruling, Justice Khobo convicted and sentenced the defendant to five years of Imprisonment.
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