SMEDAN Boss arrested for N107.7m Fraud

Hephzibah Oluwatosin

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Hephzibah Oluwatosin

The Economic and Financial Crimes Commission (EFCC) on Tuesday, April 9, 2019, arrested previous Director-General of SMEDAN, Bature Umar Masari under the steady gaze of a Federal High Court in Abuja, following his supposed association in N107.7million money laundering and other proceeds of gratification.

The EFCC is arraigning Masari on a 17-tally charge of money laundering before Justice Okon Abang. At the point when the charge was read to Masari on Tuesday, he pleaded not guilty to the supposed financial wrongdoing while his legal counselor, Mr. A. Magaji (SAN), asked the court to concede his client to bail.

Magaji, came by the method of oral application, contended that his client is qualified for bail and encouraged the court to give him the transitory opportunity. prosecution counsel, Ekele Ihenacho, contradicted the oral application by the senior advocate.

As per the prosecution counsel, there is the requirement for the senior advocate to put material realities in the interest of his client under the watchful eye of the court, saying that the advancement will empower the judge to have an educated supposition on the issue.

Having tuned in to the contentions of Magaji and Ihenacho, Justice Abang suspended the issue till Friday, April 12, 2019, over his decision on whether or not the oral application for bail would do the trick.

The judge later coordinated that the ex-SMEDAN DG ought to be remanded in Kuje Prison

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