EFCC traces humongous amounts to Permanent Secretary of Ministry of Labour and Productivity, Dr. Illoh Clement
The Economic and Financial Crimes Commission on Monday arraigned the Permanent Secretary, Ministry of Labour and Productivity, Dr. Illoh Clement, for allegedly failing to make full disclosure of his assets.
Clement was arraigned on a three-count charge before Justice Babs Kuewumi of the Federal High Court in Lagos.
The EFCC, in the charge marked, FHC/L/105c/17, alleged that Clement failed to declare the sums of N97,300,613.44, $139,575.50 and £10,121.52, which were found in his name in three bank accounts.
According to the EFCC, the defendant ‘warehoused’ the monies into his three accounts domiciled in First Bank.
He was said to have committed the offence on April 19, 2016.
The EFCC Prosecutor, Mr. Rotimi Oyedepo, told the court that Clement acted contrary to Section 27 (3) (c) of the EFCC (Establishment) Act 2004.
But when the charges were read to him, Clement pleaded not guilty.
His lawyer, Mr. T.S. Awhana, urged Justice Kuewumi to admit him to bail on self-recognition or if conditions were to be attached, the court should be lenient as, according to him, the defendant was diabetic and hypertensive.
Awhana said he had attached a medical report to the bail application for the judge to see.
Earlier, the Prosecutor, Oyedepo, had said he had no intention of opposing the bail application as he was more interested in the expeditious trial of the case.
Oyedepo said he was ready to open his case immediately as, according to him, the case was straight forward and he had brought his two witnesses to court to prove the case.
As the EFCC did not oppose the bail application, Justice Kuewumi admitted Clement to bail in the sum of N50m with one surety in like sum.
The judge said the surety, who must be resident in Lagos, must depose to an affidavit of means and must show evidence of tax clearance for three years.
Clement was ordered to deposit his passport in the custody of the court pending the determination of the case.
The judge, however, declined Oyedepo’s prayer that trial should commence immediately. He subsequently adjourned till May 8, 2017 for commencement of trial while he ordered that Clement should be remanded in the custody of the EFCC pending when he would perfect his bail.