Alleged Fraud: Court Grants FUNAAB Bursar Bail

An Ogun State High Court sitting in Isabo, Abeokuta on Monday granted bail to the bursar of the Federal University of Agriculture, Abeokuta, Moses Ilesanmi.

He was charged to court on November 25, 2016 by the Economic and Financial Crimes Commission on allegations bordering on stealing and fraudulent conversion of the institution’s funds.

However, Ilesanmi pleaded not guilty to the 18 counts levelled against him. He was arraigned alongside the Pro-Chancellor of the institution, Senator Adeseye Ogunlewe and the institution’s Vice-Chancellor, Prof. Olusola Oyewole.

Counsel for Ilesanmi, Adedamola Lapite, prayed the court to grant his client bail in liberal terms pending the commencement of trial.

Lapite added that the charges against Ilesanmi were bailable offences.

In contrast to Lapite’s argument, the prosecuting counsel, Kayode Oni, opposed the bail application, stating that the arguments brought forward by Lapite could not hold water.

Having heard from both counsel, the presiding judge, Justice O.O. Majekodunmi, granted Ilesanmi bail in the sum of N50m and two sureties in like sum.

Justice Majekodunmi said the two sureties must be owners of landed properties within the jurisdiction of the court, adding that the sureties should deposit their title documents and passports with the court.

The judge added that the sureties must be Level 15 officers in the Ogun State Civil Service.