Former banker Sunday Fadayomi arraigned for stealing N16 million

Economic and Financial Crimes Commission – EFCC on Friday 25th May, 2018 arraigned one Sunday Fadayomi, a former banker, before Justice M. L. Owolabi of the Oyo State High Court sitting in Iyaganku, Ibadan, on 30-count charges bordering on stealing contrary to Section 390 (6) (9) Criminal Code, Cap 38, vol. 2, Laws of Oyo State, 2000.

One of the counts reads: “That you Sunday Fadayemi ‘M’ between the 28 of November, 2008 and 2nd day of December, 2009, at the banking hall of Ayete Microfinance Bank Limited, Oba, Ayete, within the jurisdiction of this Honourable Court, being employee of the Ayete Microfinance Bank Limited, did steal the sum of N967,700.00 (Nine Hundred and Sixty-Seven Thousand, Seven Hundred Naira) only, property of Ayete Microfinance Bank Limited by fraudulently removing the said amount from the Control Multi Entry account of the bank and moving it into your account number 0000003156, with account name Fadayomi Sunday where you eventually withdraw the money, and thereby committed an offence”.

In view of the defendant’s not-guilty plea, prosecution counsel Adeola Elumaro prayed the court for a trial date. However, counsel to the defendant, Suleman Umaru Jabata informed the court of an application for bail dated 24 May, 2018, praying the court to admit the defendant to bail pending the determination of the charges against him. He further prayed the court to allow the defendant remain in the EFCC’s custody pending bail. Prosecution counsel however, told the court that if bail will be granted on terms that will ensure the continuous availability of the defendant in court, he will not oppose the bail.

Justice Owolabi admitted the defendant to bail in the sum of Ten Million Naira and two sureties in like sum. One of the surety must be a property owner within the jurisdiction of the court and the value of the property must not be less than Fifteen Million Naira

The defendant is however remanded in the EFCC’s custody pending the perfection of his bail condition. The case is adjourned to 8 June, 2018 for trial.

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