N700m fraud: Judge threatens to revoke bail condition for Ize-Iyamu, others

The Federal High Court sitting in Benin has threatened to revoke the bail condition granted to Pastor Osagie Ize-Iyamu, Chief Dan Orbih and three others if they delay the commencement of trial.

Justice M. G. Umar issued the threat on Thursday after listening to arguments of the defendants seeking a six months adjournment due to ill health of Mr. Efe Anthony.

Pastor Ize-Iyamu and others were arraigned on an eight-count charge of conspiracy to commit money laundering to the tune of N700 million, an offence contrary to section 18(a) of the Money Laundering (Prohibition) Act 2011 as amended which is punishable under section 15(3) of the same Act.

The EFCC alleged that the defendants were arraigned for receiving N700 Million prior to the 2015 general elections, from former Minister of Petroleum, Mrs Diezani Alison-Madueke.

Other defendants in the case are Former Deputy Governor, Mr. Lucky Imasuen, Tony Azigbemi, and one Efe Erimuoghae Anthony.

Mr Anthony had asked the Court for long adjournment till June to be able to stand for trial.

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