The Economic and Financial Crimes Commission, Ibadan Zonal Office, on Friday, arraigned a former banker, Sunday Fadayomi, before Justice M. L. Owolabi of the Oyo State High Court sitting in Iyaganku.

The accused is standing trial for 30-count bordering on stealing contrary to Section 390 (6) (9) Criminal Code, Cap 38, vol. 2, Laws of Oyo State, 2000.

The defendant pleaded not guilty, and the 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 10 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 15 million naira.

The other surety must be a blood relative of the defendant. All sureties shall depose to an affidavit of means with their passport photograph deposited with the court.

The defendant must deposit his international passport to the Chief Registrar of the court. The address of the sureties shall be verified by the Principal Registrar of the court.

The defendant was remanded in the EFCC’s custody pending the perfection of his bail condition.

The case is adjourned to June 8, for trial.

One of the counts on which he is charged 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.”