Ten Arraigned in Oyo over N1.5 Billion Pension Fraud

courtAt least ten officials of Oyo State government who have been accused of defrauding the State Local Government Pension Board of the sum of over N1.5 billion have been arraigned at the Chief Magistrates Court 4, Iyaganku, Ibadan.

Arraigned before Mrs Tijani Durosaro, ten of the alleged pension fraudsters were charged on a nine-count charge of conspiracy to stealing, abuse of office and stealing of Local Government Staff Pension Fund to the tune of N1, 590,783,671.47k.

The accused persons included Hakeem Muili, Alhaja Iyabo Giwa, Adeduntan Johnson, Oguntayo Banji, Adesina Jimoh, Johnson Bosede, Adebiyi Olasumbo, Kareem Rasheed, Muili Adedamola and Salewa Adedeji.

All the accused persons pleaded not guilty to the, however, they habe been ordered by Chief Magistrate Tijani Durosaro, to be remanded in the Agodi prison custody due to their inability to perfect bail conditions. On the application of the defence counsel, each of the accused persons was admitted to bail in the sum of N2,000,000:00 with two sureties in like sum. According to the judge, each surety was to have a certificate of local government origin or a Certificate of Occupancy in respect of a landed property within the jurisdiction of the court or an account with any of the reputable banks in Oyo State or certificate of business registration. The matter was, thereafter, adjourned till March 19 for trial.