Updating your news feed...
NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.
Loading banners
Loading banners...
A youth pastor at the Federal University of Agriculture, Abeokuta, Ogun State, Ademola Jayeoba, and his father, Emmanuel Jayeoba, have been arraigned by the Economic and Financial Crimes Commission before the Federal High Court, Ikoyi, Lagos State.
Ademola and Emmanuel were arraigned before Justice Nicholas Oweibo on two counts bordering on illegal banking activities.
The charges read, “That you, Wales Kingdom Capital Limited, sometime between October 2019 and December 2020 in Lagos, within the jurisdiction of this honourable court, did carry on banking business without a valid licence….
“That you, Adewale Daniel Jayeoba, Emmanuel Jayeoba and Wales Kingdom Capital Limited, whilst being directors of Wales Kingdom Capital Limited sometime between October 2019 and December 2020 in Lagos, knowingly consented to the carrying on of banking business without a valid licence by the company.”
They pleaded not guilty to the charges.
The prosecutor, Chinenye Okezie, asked the court for a trial date and their remand in a correctional facility.
However, counsel for the defendants, Olaniyi George, informed the court of a bail application and prayed that his clients be remanded in the custody of the EFCC.
Justice Oweibo adjourned the case for hearing of the bail application and remanded the defendants in the custody of the EFCC.(The PUNCH:Text, excluding headline)
