FORMER GOVERNOR OF BAYELSA STATE, CHIEF TIMIPRE SYLVA Docked In N2bn Loan Trial

ABUJA, June 05, (BYNEWMEDIA) Former governor of Bayelsa State, Chief Timipre Sylva was on Tuesday docked before Justice Adamu Bello of a Federal High Court sitting in Abuja, on a six-count charge relating to a N2 billion loan secured from Union Bank Plc purportedly for the augmentation of salaries of the state's ci...vil servants.
Sylva was alleged to have connived with certain officials of the state, and others reported to be at large, in defrauding the state of N2 billion while he held the reins of the state.
Soon after he pleaded not guilty to the six-count charge, his lawyer, Chief Lateef Fagbemi (SAN) asked the court to admit him to bail, an application that was vehemently opposed by prosecuting counsel, Mr. Festus Keyamo.
Fagbemi told the court that the former governor submitted himself to the court and was never declared wanted, adding that the Supreme Court had established, in several cases, that an accused should be presumed innocent pending his being found guilty by the court.
Opposing the granting of bail to the former governor, Keyamo drew the attention of the court to efforts made by the Economic and Financial Crimes Commission (EFCC) to serve him. He urged the court to deny him bail and as well make an order for expedited hearing.
The court subsequently adjourned to Thursday, 7th June, to deliver ruling on the bail application, and ordered the remandment of the former governor in the custody of EFCC.
No sooner had the court concluded proceedings in the matter and was about to call up the next case than EFCC operatives swooped into the court to arrest Sylva.
Justice Bello, who found the action of the EFCC operatives, reprehensive cautioned them to be civic, and directed Keyamo to advise them appropriately. He then ordered the operatives out of his court, saying he was yet to sign the order for the custody of the former governor, which must be done before the commission could take him into custody.
Count One of the charges against Sylva reads: That you, Timipre Sylva, as governor of Bayelsa State, with others now at large, sometime between October 2009 and February 2010, at various places in Nigeria, including Abuja, within the jurisdiction of the Federal High Court did conspire to commit a crime to wit: conversion of properties and resources amounting to N2,000,000,000.00 belonging to Bayelsa State Government and derived from an illegal act, with the aim of concealing the illicit origin of the said amount and you thereby committed an offence contrary to Section 17(a) of the Money Laundering (Prohibition Act), 2004 and punishable under Section 14(1) of the same Act.
He was also alleged to have converted the sum of N380,000,000.00, property of the Bayelsa State Government, through the account of one Habibu Sani Maigidia, a Bureau De Change Operator with Account No. 221433478108, in Fin Bank, Plc, which sum he knew represented the proceeds of an illegal act with the aim of concealing the nature of the proceeds of the said illegal act, thereby committing an offence contrary to Section 14(1) of the Money Laundering (Prohibition Act) 2004 and also punishable under section 14(1) of the same Act.
Count 3 of the charge alleges that Sylva, as Governor of Bayelsa State, with others now at large, on or about the 5th of February 2010, at Abuja, within the jurisdiction of the Federal High Court, converted the sum of N50,000,000.00, property of the Bayelsa State Government, through the account of one Enson Benmer Limited with Account No. 6152030001946, in First Bank, Plc, which sum you knew represented the proceeds of an illegal act with the aim of concealing the nature of the proceeds of the said illegal act and you thereby committed an offence contrary to Section 14(1) of the Money Laundering (Prohibition Act) 2004 and also punishable under section 14(1) of the same Act.
Silva was also alleged to have converted the sum of N20,000,000.00, property of the Bayelsa State Government, through the account of one John Daukoru with Account No. 04800250000418, in United Bank for Africa, Plc, and also conspired to commit a crime to wit: inducing Union Bank, Plc, with the intent to defraud, to deliver to Bayelsa State Government the sum of N2,000,000,000.00, under the false pretence of using the amount to augment salaries of the Bayelsa State Government and thereby committed an offence contrary to Section 8(a) and punishable under section 1(3) of the Advance Fee Fraud and other Fraud Related Offences Act, 2004.
The last count of the charge accused the former governor of conniving with others now at large, at various places in Nigeria, including Abuja, induced Union Bank, Plc, with the intent to defraud, to grant an overdraft facility of the sum of N2,000,000,000.00 to the Bayelsa State Government under the false pretence of using the amount to augment salaries of the Bayelsa State Government and thereby committed an offence contrary to Section 1(1)(b) of the Advance Fee Fraud and other Fraud Related Offences Act, 2004 and punishable under section 1(3) of the same Act.
BELOW IS REACTION FROM BAYELSA MOST POPULAR GROUP ON THE SOCIAL MEDIA (FACE OF BAYELSA)
- You and Eni Goddey Eni like this.
Ebiwizzy Brassboy Cameron Hahahahahaha wise man don go die for foolish man backyard.. Good for am.
about an hour ago via mobile ·
Mienpamo Onitsha Saint according to some of our correspodeants, dat a local plane was carrying the former bayelsa state governor to the EFCC office but the plane crash in OKAKA PRISON YARD
50 minutes ago · ·
2
Blessing Oyanimigha una don make me laff so tay i start to dance WENDECK......lmao
50 minutes ago · · 1
Victor Isereke Gist confirmed by me Comr. Victor Isereke, the chief editor of "true talk daily"
48 minutes ago via · · 1
Victor Isereke Anybody wey dey feel sey e too much make we learn from Broda Timipre Silver sey God pass everybody oooooo!
45 minutes ago via · · 1
Mienpamo Onitsha Saint THIEF TIMIPRE SYLVA FORGET SAY EFCC DEY
The most common way of accepting cases by EFCC is through a petition written by an individual or organization. The petition will be evaluated and if the case falls within the purview of the commission's mandate, it will be accepted for investigation and possibly prosecution. Petitions that do not fall within the purview of the commission are sent to the appropriate agency, be it the Nigeria Police Force, Securities and Exchange Commission (SEC), Independent Corrupt Practices and other related offences Commission, Central Bank of Nigeria (CBN), etc. Members of the public can also send complaints electronically to the commission email address: info@efccnigeria.org .
The commission has had complaints and also investigated cases where fraudsters impersonated the EFCC Chairman and other employees of commission in order to defraud them. The public should be aware that EFCC does not collect money to receive petitions and does not charge fee from victims to investigate their cases. Emails messages not emanating from our domain (i.e. bearing @efccnigeria.org) should be verified.
The Operations unit is the investigative arm of the EFCC headed by the Director of Operations. Below are the various sections under the Unit
41 minutes ago · · 1
Darlington Timipa Otobo hahahahahahahahaha, na so i bin laff, hahahahahahahahahahahahakiakiakiakiakiakiakiakia nain i dey laff now, kiakiakiakiakiakiakokokoko kokokokolalalalalalalalala lalalashshsh............kw akwakwakwakwakwa naim i go still laff after dem don sentens am.
Darlington Timipa Otobo i need water to drink oooo, laff won kill me, chei Sylverate wia ar u? rescue me, hahahahahahahahahahahahahaha
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