FG Arraigns Ladi Adebutu, Others Over Money Laundering Allegation

FG Arraigns Ladi Adebutu, Others Over Money Laundering Allegation

The Federal Government on Tuesday arraigned Oladipupo Adebutu before an Ogun State High Court sitting in Abeokuta,  the State capital, on seven count charges bordering on money laundering and other offences, with case number AB/10c/2023 (FRN Vs Adebutu &Ors.

Recall that Adebutu, the Peoples Democratic Party (PDP) candidate for the gubernatorial election held on March 18, 2023, was accused of criminal inducement during the poll by security agents alongside other members of his party

He was alleged to have ordered through his bank the issuance of 200,000 preloaded ATM verve   cards with N10,000 and distributed same on the day of election across the State with criminal intention of inducing voters in the State.

Adebutu and six other people were later charged to court by the police, during which he sneaked out of the country for months and returned December 2023.

The prosecuting counsel, Mr Rotimi Jacobs, earlier in his submission orally withdrew the prior  information supplied, and substituted same with amended information, without any objection from the lead cousel to the defendants, Chief Gordy Uche.

While all the defendants pleaded not guilty to the seven count charges preferred against them, their lead counsel, Chief Gordy Uche pleaded with the court to allow the 2nd to 5th and 10th defendants to continue to enjoy bail on earlier terms.

He then prayed the Court to grant the first defendant, Oladipupo Adebutu, bail on self recognizance, saying he came to the court on his volition.

However, his prayer that Adebutu should be granted bail on self recognizance was opposed by the prosecuting counsel, Mr Rotimi Jacobs, noting that while he has no objection to the prayer for bail, he disagreed with the self recognizance clause.

The presiding judge, Justice Abiodun Akinyemi, therefore, granted the 1st defendant  bail in the sum of N1million with a surety in the like sum who may be a family member or bondsman, as the case was  adjourned till 7th February 2024 for hearing.