Wednesday, 28 September 2016

N600m Fraud: Ex-Naval Chief, Jibrin, gets N100 million bail

Justice A. S. Umar of the FCT High Court sitting in Maitama on Wednesday granted bail to a former Chief of Naval Staff, Usman Jibrin, and two others for an offence bordering on criminal conspiracy brought against them by the Economic and Financial Crimes Commission, EFCC.
Others are retired rear admirals, Bala Mshelia and Sheu Ahmadu.
They were arraigned alongside Harbour Bay International Limited by the anti-graft agency on Tuesday, September 27, 2016.

The former naval chiefs, whilst in office, allegedly bought a house worth N600million from the account of Naval Engineering Services without the said purchase contract being captured in the budget.
The EFCC said that the documentation for transfer of ownership of the property was done such that a private company owned by the family of the first defendant (Vice Admiral Jubrin) became the buyer.
Justice Umar, after taking their pleas, adjourned to Wednesday for hearing on the bail application.
Moving the bail application at the resumed sitting, Mr. Jibrin’s counsel, Y. C. Maikyau, prayed the court to admit his client to bail pending trial.
Mr. Maikyau argued that, “the offence for which the 1st defendant is charged is bailable by virtue of Section 42 (1) and (2) of the Corrupt Practices and other Related Offences Act 2000.”
source:premium times

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