Kanu defrauded $9 million

[Biafra]

Ex-Nigeria star Nwankwo Kanu has lost N1.4 billion (about $104m) and a top executive of his hotel has been arrested and charged to court.

Managing director of Hardley Suites Hotel in Lagos, Ayoola Gam Ikon, 49, has been arrested and charged to court for the alleged fraud, according to a PM News report.

Operatives of the Inspector General of Police Monitoring Unit arrested Ikon, the managing director of Hardley Suites Limited situated at Waziri Ibrahim Crescent, off Elsie Femi Pearse Street, Victoria Island, Lagos southwest Nigeria, for allegedly stealing the N1.4 billion belonging to the hotel owned by Kanu.

Also arrested along with him over the alleged fraud is a hotel staff, Oke Samuel.

They were arraigned before an Igbosere Magistrate's court on a 19-count charge of felony to wit, obtaining money under false pretence.

The police alleged in charge suit No. K/8/2013 that Ikon was arrested following a complaint by the management of Hardley Suites Limited, Nwankwo Kanu and Ogbonna Kanu, that Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretence of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities.

But he allegedly failed to use the money for the purpose and allegedly converted the money to his personal use.

He was also alleged to have forged a special resolution purportedly made by the board of directors of Hardley Suites Limited to obtain loans of N187 million, N50 million and N493 million from Skye Bank Plc without authorization.

The offences, the accused allegedly committed, according to the prosecutor A.M. Animashaun, contravenes sections 8 (a) 1 (a) of the advanced fee fraud and other fraud related offences Act 2006 as applicable in Lagos State.

The accused pleaded not guilty to all the charges.

The prosecutor presented before the court an application for the remand of the accused persons in prison custody pending advice from the office of the directorate of public prosecution, DPP, because the lower court lacks the jurisdiction to try the matter.

But the Chief Magistrate, O.O. Oshin overruled him with legal facts after quoting copiously from several sections of the criminal justice administration laws of Lagos State to buttress her claim that the court has the jurisdiction to hear and admit the accused to bail.

She admitted the first defendant to bail in the sum of N1 million with two sureties in like sum.

One of the sureties must be the defendant himself, the other should be a civil servant on level 16.

She also admitted the second defendant to bail in the sum of N500,000, with two sureties in like sum. One of the sureties must be a level 16 civil servant while the other must be working with a reputable company.

She adjourned the matter till April 4 for mention.

However, the defendants were moved to Ikoyi Prison, Lagos pending when they would fulfill the bail conditions.

Nigerian legal system is a sham. Somebody stole N1.4bn and you are bailing him with N1m. Even his driver can pay that amount from his pocket for the guy to walk away never to return. Mscheeeew!

[furiously frank]

Ex-Nigeria star Nwankwo Kanu has lost N1.4 billion (about $104m) and a top executive of his hotel has been arrested and charged to court.

Managing director of Hardley Suites Hotel in Lagos, Ayoola Gam Ikon, 49, has been arrested and charged to court for the alleged fraud, according to a PM News report.

Operatives of the Inspector General of Police Monitoring Unit arrested Ikon, the managing director of Hardley Suites Limited situated at Waziri Ibrahim Crescent, off Elsie Femi Pearse Street, Victoria Island, Lagos southwest Nigeria, for allegedly stealing the N1.4 billion belonging to the hotel owned by Kanu.

Also arrested along with him over the alleged fraud is a hotel staff, Oke Samuel.

They were arraigned before an Igbosere Magistrate's court on a 19-count charge of felony to wit, obtaining money under false pretence.

The police alleged in charge suit No. K/8/2013 that Ikon was arrested following a complaint by the management of Hardley Suites Limited, Nwankwo Kanu and Ogbonna Kanu, that Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretence of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities.

But he allegedly failed to use the money for the purpose and allegedly converted the money to his personal use.

He was also alleged to have forged a special resolution purportedly made by the board of directors of Hardley Suites Limited to obtain loans of N187 million, N50 million and N493 million from Skye Bank Plc without authorization.

The offences, the accused allegedly committed, according to the prosecutor A.M. Animashaun, contravenes sections 8 (a) 1 (a) of the advanced fee fraud and other fraud related offences Act 2006 as applicable in Lagos State.

The accused pleaded not guilty to all the charges.

The prosecutor presented before the court an application for the remand of the accused persons in prison custody pending advice from the office of the directorate of public prosecution, DPP, because the lower court lacks the jurisdiction to try the matter.

But the Chief Magistrate, O.O. Oshin overruled him with legal facts after quoting copiously from several sections of the criminal justice administration laws of Lagos State to buttress her claim that the court has the jurisdiction to hear and admit the accused to bail.

She admitted the first defendant to bail in the sum of N1 million with two sureties in like sum.

One of the sureties must be the defendant himself, the other should be a civil servant on level 16.

She also admitted the second defendant to bail in the sum of N500,000, with two sureties in like sum. One of the sureties must be a level 16 civil servant while the other must be working with a reputable company.

She adjourned the matter till April 4 for mention.

However, the defendants were moved to Ikoyi Prison, Lagos pending when they would fulfill the bail conditions.

Nigerian legal system is a sham. Somebody stole N1.4bn and you are bailing him with N1m. Even his driver can pay that amount from his pocket for the guy to walk away never to return. Mscheeeew!

Bail is meant to assure the defendant's presence at all hearing. These are mere allegations. The prosecutor has not proved beyond reasonable doubt that N1.4b was fraudulently stolen. The amount claimed should have little or no bearing on the bail. In addition this is merely an holding charge at the Magistrate court. That should tell you that they have not completed investigations to the case. When that is done, the prosecutor will file the necessary information at the High Court (Igbosere or Ikeja depending on geographical jurisdiction). This holden charge will then be dismissed by the Magistrate.

Moral: Before you start shooting down Nigerian legal system, try and edumacate yourself on the process

[metalalloy]

The police alleged in charge suit No. K/8/2013 that Ikon was arrested following a complaint by the management of Hardley Suites Limited, Nwankwo Kanu and Ogbonna Kanu, that Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretence of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities.

But he allegedly failed to use the money for the purpose and allegedly converted the money to his personal use.

person talk sey him dey build extension for 7 years and you didn't notice that he wasn't doing jack?

[Biafra]

Ex-Nigeria star Nwankwo Kanu has lost N1.4 billion (about $104m) and a top executive of his hotel has been arrested and charged to court.

Managing director of Hardley Suites Hotel in Lagos, Ayoola Gam Ikon, 49, has been arrested and charged to court for the alleged fraud, according to a PM News report.

Operatives of the Inspector General of Police Monitoring Unit arrested Ikon, the managing director of Hardley Suites Limited situated at Waziri Ibrahim Crescent, off Elsie Femi Pearse Street, Victoria Island, Lagos southwest Nigeria, for allegedly stealing the N1.4 billion belonging to the hotel owned by Kanu.

Also arrested along with him over the alleged fraud is a hotel staff, Oke Samuel.

They were arraigned before an Igbosere Magistrate's court on a 19-count charge of felony to wit, obtaining money under false pretence.

The police alleged in charge suit No. K/8/2013 that Ikon was arrested following a complaint by the management of Hardley Suites Limited, Nwankwo Kanu and Ogbonna Kanu, that Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretence of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities.

But he allegedly failed to use the money for the purpose and allegedly converted the money to his personal use.

He was also alleged to have forged a special resolution purportedly made by the board of directors of Hardley Suites Limited to obtain loans of N187 million, N50 million and N493 million from Skye Bank Plc without authorization.

The offences, the accused allegedly committed, according to the prosecutor A.M. Animashaun, contravenes sections 8 (a) 1 (a) of the advanced fee fraud and other fraud related offences Act 2006 as applicable in Lagos State.

The accused pleaded not guilty to all the charges.

The prosecutor presented before the court an application for the remand of the accused persons in prison custody pending advice from the office of the directorate of public prosecution, DPP, because the lower court lacks the jurisdiction to try the matter.

But the Chief Magistrate, O.O. Oshin overruled him with legal facts after quoting copiously from several sections of the criminal justice administration laws of Lagos State to buttress her claim that the court has the jurisdiction to hear and admit the accused to bail.

She admitted the first defendant to bail in the sum of N1 million with two sureties in like sum.

One of the sureties must be the defendant himself, the other should be a civil servant on level 16.

She also admitted the second defendant to bail in the sum of N500,000, with two sureties in like sum. One of the sureties must be a level 16 civil servant while the other must be working with a reputable company.

She adjourned the matter till April 4 for mention.

However, the defendants were moved to Ikoyi Prison, Lagos pending when they would fulfill the bail conditions.

Nigerian legal system is a sham. Somebody stole N1.4bn and you are bailing him with N1m. Even his driver can pay that amount from his pocket for the guy to walk away never to return. Mscheeeew!

Bail is meant to assure the defendant's presence at all hearing. These are mere allegations. The prosecutor has not proved beyond reasonable doubt that N1.4b was fraudulently stolen. The amount claimed should have little or no bearing on the bail. In addition this is merely an holding charge at the Magistrate court. That should tell you that they have not completed investigations to the case. When that is done, the prosecutor will file the necessary information at the High Court (Igbosere or Ikeja depending on geographical jurisdiction). This holden charge will then be dismissed by the Magistrate.

Moral: Before you start shooting down Nigerian legal system, try and edumacate yourself on the process

Still Nigerian legal system is a COMPLETE MOCKERY of the judiciary. Haven't you ever heard of accused jumping bail? The magnitude of the accusation should determine if the offence is bailable or not, and the weight of bailing amount.
The essence of attaching amounts and sureties to bail conditions is to make it difficult for the accused to jump bail when fulfilled. Now, how will N1m make it difficult for an accused who allegedly stole N1.4bn not to jump bail?

Moral: Before you crucify me, lean to check the spelling of 'edumacate'.

[YemiBrazil]

Ex-Nigeria star Nwankwo Kanu has lost N1.4 billion (about $104m) and a top executive of his hotel has been arrested and charged to court.

Managing director of Hardley Suites Hotel in Lagos, Ayoola Gam Ikon, 49, has been arrested and charged to court for the alleged fraud, according to a PM News report.

Operatives of the Inspector General of Police Monitoring Unit arrested Ikon, the managing director of Hardley Suites Limited situated at Waziri Ibrahim Crescent, off Elsie Femi Pearse Street, Victoria Island, Lagos southwest Nigeria, for allegedly stealing the N1.4 billion belonging to the hotel owned by Kanu.

Also arrested along with him over the alleged fraud is a hotel staff, Oke Samuel.

They were arraigned before an Igbosere Magistrate's court on a 19-count charge of felony to wit, obtaining money under false pretence.

The police alleged in charge suit No. K/8/2013 that Ikon was arrested following a complaint by the management of Hardley Suites Limited, Nwankwo Kanu and Ogbonna Kanu, that Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretence of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities.

But he allegedly failed to use the money for the purpose and allegedly converted the money to his personal use.

He was also alleged to have forged a special resolution purportedly made by the board of directors of Hardley Suites Limited to obtain loans of N187 million, N50 million and N493 million from Skye Bank Plc without authorization.

The offences, the accused allegedly committed, according to the prosecutor A.M. Animashaun, contravenes sections 8 (a) 1 (a) of the advanced fee fraud and other fraud related offences Act 2006 as applicable in Lagos State.

The accused pleaded not guilty to all the charges.

The prosecutor presented before the court an application for the remand of the accused persons in prison custody pending advice from the office of the directorate of public prosecution, DPP, because the lower court lacks the jurisdiction to try the matter.

But the Chief Magistrate, O.O. Oshin overruled him with legal facts after quoting copiously from several sections of the criminal justice administration laws of Lagos State to buttress her claim that the court has the jurisdiction to hear and admit the accused to bail.

She admitted the first defendant to bail in the sum of N1 million with two sureties in like sum.

One of the sureties must be the defendant himself, the other should be a civil servant on level 16.

She also admitted the second defendant to bail in the sum of N500,000, with two sureties in like sum. One of the sureties must be a level 16 civil servant while the other must be working with a reputable company.

She adjourned the matter till April 4 for mention.

However, the defendants were moved to Ikoyi Prison, Lagos pending when they would fulfill the bail conditions.

Nigerian legal system is a sham. Somebody stole N1.4bn and you are bailing him with N1m. Even his driver can pay that amount from his pocket for the guy to walk away never to return. Mscheeeew!

Bail is meant to assure the defendant's presence at all hearing. These are mere allegations. The prosecutor has not proved beyond reasonable doubt that N1.4b was fraudulently stolen. The amount claimed should have little or no bearing on the bail. In addition this is merely an holding charge at the Magistrate court. That should tell you that they have not completed investigations to the case. When that is done, the prosecutor will file the necessary information at the High Court (Igbosere or Ikeja depending on geographical jurisdiction). This holden charge will then be dismissed by the Magistrate.

Moral: Before you start shooting down Nigerian legal system, try and edumacate yourself on the process

Still Nigerian legal system is a COMPLETE MOCKERY of the judiciary. Haven't you ever heard of accused jumping bail? The magnitude of the accusation should determine if the offence is bailable or not, and the weight of bailing amount.
The essence of attaching amounts and sureties to bail conditions is to make it difficult for the accused to jump bail when fulfilled. Now, how will N1m make it difficult for an accused who allegedly stole N1.4bn not to jump bail?

Moral: Before you crucify me, lean to check the spelling of 'edumacate'.

See internet lawyer in action.

[Babafad]

http://pmnewsnigeria.com/2013/03/07/nwa ... 4-billion/

Nwankwo Kanu Loses N1.4 Billion



Nigeria’s football star, Nwankwo Kanu has lost N1.4 billion in his hotel business and the Managing Director of the hotel, Mr. Ayoola Gam Ikon, 49, has been arrested and charged to court for the alleged fraud.

Operatives of the Inspector General of Police Monitoring Unit arrested Ikon, the managing director of Hardley Suites Limited situated at Waziri Ibrahim Crescent, off Elsie Femi Pearse Street, Victoria Island, Lagos southwest Nigeria, for allegedly stealing the N1.4 billion belonging to the hotel and suites owned by Kanu.

Also arrested along with him over the alleged fraud is a hotel staff, Oke Samuel.

They were arraigned before an Igbosere Magistrate’s court on a 19-count charge of felony to wit, obtaining money under false pretence.

The police alleged in charge suit No. K/8/2013 that Ikon was arrested following a complaint by the management of Hardley Suites Limited, Nwankwo Kanu and Ogbonna Kanu, that Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretence of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities, but he allegedly failed to use the money for the purpose and allegedly converted the money to his personal use.

He was also alleged to have forged a special resolution purportedly made by the board of directors of Hardley Suites Limited to obtain loans of N187 million, N50 million and N493 million from Skye Bank Plc without authorization.

The offences, the accused allegedly committed, according to the prosecutor A.M. Animashaun, contravenes sections 8 (a) 1 (a) of the advanced fee fraud and other fraud related offences Act 2006 as applicable in Lagos State.

The accused pleaded not guilty to all the charges.

The prosecutor presented before the court an application for the remand of the accused persons in prison custody pending advice from the office of the directorate of public prosecution, DPP, because the lower court lacks the jurisdiction to try the matter.

But the Chief Magistrate, Mrs. O.O. Oshin overruled him with legal facts after quoting copiously from several sections of the criminal justice administration laws of Lagos State to buttress her claim that the court has the jurisdiction to hear and admit the accused to bail.

She admitted the first defendant to bail in the sum of N1 million with two sureties in like sum.
One of the sureties must be the defendant himself, the other should be a civil servant on level 16.
She also admitted the second defendant to bail in the sum of N500,000, with two sureties in like sum. One of the sureties must be a level 16 civil servant while the other must be working with a reputable company.

She adjourned the matter till 4 April, 2013 for mention.

The defendants were, however, moved to Ikoyi Prison, Lagos pending when they would fulfil the bail conditions.

[Mr. Piffington]

If they're guilty I hope they are locked under the kirikiri.

[YemiBrazil]

However, this is very sad! Someone like Kanu should not be subjected this kind of situation.
I think what Biafra is driving at is the justice system in Nigeria but the legal system is designed in a way to protect the innocent from suffering from mere 'allegations'. However, we know that in reality our system hardly protect the innocent - the winner is always the person with the knowledge of the system and the ruthlessness required to manipulate it.
A huge number of Nigerians mostly abroad, and even some at home, have been duped by "trusted" people who capitalize on the loopholes in our justice system to take advantage of hard-working people. It's a huge shame.

[Purity]

They are innocent until convicted.

[kolinzo]

Why was Kanu suing dude? He should have just busted a cap on the dude's kneel caps and collect his money back and there'd be nothing public. He needs the Vegas way of dealing with crooks. Let's see if he'll be able to get his money back...

[General Trousers]

Hotel business is not a small thing.

x

[Riche007]

Rubbish article; makes no sense.

Kanu was not defrauded of $9 Mil. The business maybe.....that's a distinction that needs to be made, which has some obvious implications.

Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretence of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities.

So obviously, the Kanus loaned the business N1.4 Bil for tangible items over a 7 year period and at Year 3, someone from the board could not verify if theose items were purchased? Ok.

[Janganza]

Kanu should've known better. Engage the services of an Architect, delegate some duties and let him take care of the project. Days are long gone when such projects are handled by novice. All he did was to enrich their pockets.

[mastermind]

Kanu should've known better. Engage the services of an Architect, delegate some duties and let him take care of the project. Days are long gone when such projects are handled by novice. All he did was to enrich their pockets.

Kanu spent his entire life playing football, how would he have known better? I'll advice footballer to take accounting, taxation, finance and project management courses after football career so that they will know how to manage their employers.

[Janganza]

Kanu should've known better. Engage the services of an Architect, delegate some duties and let him take care of the project. Days are long gone when such projects are handled by novice. All he did was to enrich their pockets.

Kanu spent his entire life playing football, how would he have known better? I'll advice footballer to take accounting, taxation, finance and project management courses after football career so that they will know how to manage their employers.

Spent most of his playing career in Europe, he should've known better.

[mastermind]

Kanu should've known better. Engage the services of an Architect, delegate some duties and let him take care of the project. Days are long gone when such projects are handled by novice. All he did was to enrich their pockets.

Kanu spent his entire life playing football, how would he have known better? I'll advice footballer to take accounting, taxation, finance and project management courses after football career so that they will know how to manage their employers.

Spent most of his playing career in Europe, he should've known better.

cos you're in Europe or America doesn't mean you know shiat without going to school. Olajuwon had MBA from university of Texas, he has made more after basketball than he ever made while playing, he didn't rely on living I the us he got his education and graduated. People like Jordan, magic and are also graduates that is why they're successful. Maybe kanu should have started his hotel business in London where he ca hire a lot of honest workers but if you want to do business in Nigeria you must know what you're doing or else you get wiped out, no laws...

[GG of G]

Kanu should've known better. Engage the services of an Architect, delegate some duties and let him take care of the project. Days are long gone when such projects are handled by novice. All he did was to enrich their pockets.

Kanu spent his entire life playing football, how would he have known better? I'll advice footballer to take accounting, taxation, finance and project management courses after football career so that they will know how to manage their employers.

Spent most of his playing career in Europe, he should've known better.

So In Europe, footballers all have MBAs??? Una self, dude needs to oversee his biz better. Chikena, whether he played in Quagadogu is irrelevant.

[Janganza]

Kanu should've known better. Engage the services of an Architect, delegate some duties and let him take care of the project. Days are long gone when such projects are handled by novice. All he did was to enrich their pockets.

Kanu spent his entire life playing football, how would he have known better? I'll advice footballer to take accounting, taxation, finance and project management courses after football career so that they will know how to manage their employers.

Spent most of his playing career in Europe, he should've known better.

So In Europe, footballers all have MBAs??? Una self, dude needs to oversee his biz better. Chikena, whether he played in Quagadogu is irrelevant.

What does MBA has to do with it? Common sense warrants that you go to professionals for certain services. You don't go to Naija style chemist shop when you're sick. You go to your GP who refer you to whatever. That's the procedure and I suspect he knows.

[mastermind]

Kanu should've known better. Engage the services of an Architect, delegate some duties and let him take care of the project. Days are long gone when such projects are handled by novice. All he did was to enrich their pockets.

Kanu spent his entire life playing football, how would he have known better? I'll advice footballer to take accounting, taxation, finance and project management courses after football career so that they will know how to manage their employers.

Spent most of his playing career in Europe, he should've known better.

So In Europe, footballers all have MBAs??? Una self, dude needs to oversee his biz better. Chikena, whether he played in Quagadogu is irrelevant.

What does MBA has to do with it? Common sense warrants that you go to professionals for certain services. You don't go to Naija style chemist shop when you're sick. You go to your GP who refer you to whatever. That's the procedure and I suspect he knows.

I guess he'll learn now. Managers in naija prey on the naive business men. He should ask dangote my he hire Indians to run his businesses.

[bully]

The guy is stupid. What he could have done quickly file a suit seeking a perpetual injunction
never to be arrested or taken to court by Kanu and co. End of palavar.
A guy in Benin did that to me after rendering my incholate business moribund.
Now I'm spending zillion of Niara to fight the injunction.

[furiously frank]

Ex-Nigeria star Nwankwo Kanu has lost N1.4 billion (about $104m) and a top executive of his hotel has been arrested and charged to court.

Managing director of Hardley Suites Hotel in Lagos, Ayoola Gam Ikon, 49, has been arrested and charged to court for the alleged fraud, according to a PM News report.

Operatives of the Inspector General of Police Monitoring Unit arrested Ikon, the managing director of Hardley Suites Limited situated at Waziri Ibrahim Crescent, off Elsie Femi Pearse Street, Victoria Island, Lagos southwest Nigeria, for allegedly stealing the N1.4 billion belonging to the hotel owned by Kanu.

Also arrested along with him over the alleged fraud is a hotel staff, Oke Samuel.

They were arraigned before an Igbosere Magistrate's court on a 19-count charge of felony to wit, obtaining money under false pretence.

The police alleged in charge suit No. K/8/2013 that Ikon was arrested following a complaint by the management of Hardley Suites Limited, Nwankwo Kanu and Ogbonna Kanu, that Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretence of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities.

But he allegedly failed to use the money for the purpose and allegedly converted the money to his personal use.

He was also alleged to have forged a special resolution purportedly made by the board of directors of Hardley Suites Limited to obtain loans of N187 million, N50 million and N493 million from Skye Bank Plc without authorization.

The offences, the accused allegedly committed, according to the prosecutor A.M. Animashaun, contravenes sections 8 (a) 1 (a) of the advanced fee fraud and other fraud related offences Act 2006 as applicable in Lagos State.

The accused pleaded not guilty to all the charges.

The prosecutor presented before the court an application for the remand of the accused persons in prison custody pending advice from the office of the directorate of public prosecution, DPP, because the lower court lacks the jurisdiction to try the matter.

But the Chief Magistrate, O.O. Oshin overruled him with legal facts after quoting copiously from several sections of the criminal justice administration laws of Lagos State to buttress her claim that the court has the jurisdiction to hear and admit the accused to bail.

She admitted the first defendant to bail in the sum of N1 million with two sureties in like sum.

One of the sureties must be the defendant himself, the other should be a civil servant on level 16.

She also admitted the second defendant to bail in the sum of N500,000, with two sureties in like sum. One of the sureties must be a level 16 civil servant while the other must be working with a reputable company.

She adjourned the matter till April 4 for mention.

However, the defendants were moved to Ikoyi Prison, Lagos pending when they would fulfill the bail conditions.

Nigerian legal system is a sham. Somebody stole N1.4bn and you are bailing him with N1m. Even his driver can pay that amount from his pocket for the guy to walk away never to return. Mscheeeew!

Bail is meant to assure the defendant's presence at all hearing. These are mere allegations. The prosecutor has not proved beyond reasonable doubt that N1.4b was fraudulently stolen. The amount claimed should have little or no bearing on the bail. In addition this is merely an holding charge at the Magistrate court. That should tell you that they have not completed investigations to the case. When that is done, the prosecutor will file the necessary information at the High Court (Igbosere or Ikeja depending on geographical jurisdiction). This holden charge will then be dismissed by the Magistrate.

Moral: Before you start shooting down Nigerian legal system, try and edumacate yourself on the process

Still Nigerian legal system is a COMPLETE MOCKERY of the judiciary. Haven't you ever heard of accused jumping bail? .
The essence of attaching amounts and sureties to bail conditions is to make it difficult for the accused to jump bail when fulfilled. Now, how will N1m make it difficult for an accused who allegedly stole N1.4bn not to jump bail?

Moral: Before you crucify me, lean to check the spelling of 'edumacate'.

This is why I ask you to educamacate yourself

No common law country use bail to keep accused in jail. It defeats the primary principle of presumption of innocense. We may as well lock up everyone accused by inflating the stolen amount and then use that stolen amount as determinant of bond. That will ensure that the accused will nover be able to make bail. Even surety bond are easily dischargeable when you put up 10%. Not 10 % of allegedly stolen amount. No serious criminal justice system will make it difficult for an accused to jump bail by inflating bond amount, that may be the situation in bond pending appeal, when the accused has already been convicted.

Again to help you out, we don't make bond difficult for the accused, that is antithetical to the very spirit of our constitution:

if the court does not find, or a court has not previously found, probable cause, the accused shall be released without conditions.”
In this case the Magistrates, did and therefore put in a bond amount.
If he could not find PC then the accused held on a “holden charge” ought to be released without conditions, once the court discovers there are no probable cause to held.
The practice of holding accused in jail whilst the police and prosecutors fished for evidence to use in charging an accused for a lesser or greater charge is now unknown to court rules and to our constitution.

Rules on Bond are meant primarily to ensure appearance at future proceeding and not necessarily to make it difficult to post bond. That is why when some judges finds that the defendant pose a flight risk they demand he/she submits Passports.
The new relevant factors to be considered in bail application that will ensure future appearance :
1. “The accused’s history of response to legal process, particularly court orders to personally appear;
2. The accused’s employment status and history, enrollment in an educational institution or training program, participation in a counseling or treatment program, performance of volunteer work in the community, participation in school or cultural activities or receipt of financial assistance from government;etc

Notes: The nature of the charge for which an accused is charge is not a relevant factor to consider in determining which conditions of release will reasonably assure the accused’s appearance.

Most court rules actually enjoins the presiding to “Impose any condition other than detention to assure noninterference with the administration of justice and reduce danger to others or the community.”

Court rules makes it poignantly clear that even when the accused is found to be capable of interference with the administration of justice and a danger to others or the community, detention is not an option or conditions for bail!

- this is from a paper I prepared a little while ago.

Our criminal justice system is actually a lot better than our political system. There are all sorts of problems with our institutions but the judicial system is in a better state than all others. There are bad eggs in every organizations. What this magistrate did is right on its face. You should applaud Kanu and his brothers for taking their case to court and not using EFCC or "godogodo" -mobile police to arrest and beat up the accused. At the same time you should give the accused fair hearing. There are always 2 or more sides to every issue

This is why I ask you again to edumacate yourself. See what you got me into you are going to make some folks in Texas bring out their guns to shoot a "charge and bail" lawyer

[Cellular]

Ex-Nigeria star Nwankwo Kanu has lost N1.4 billion (about $104m) and a top executive of his hotel has been arrested and charged to court.

Managing director of Hardley Suites Hotel in Lagos, Ayoola Gam Ikon, 49, has been arrested and charged to court for the alleged fraud, according to a PM News report.

Operatives of the Inspector General of Police Monitoring Unit arrested Ikon, the managing director of Hardley Suites Limited situated at Waziri Ibrahim Crescent, off Elsie Femi Pearse Street, Victoria Island, Lagos southwest Nigeria, for allegedly stealing the N1.4 billion belonging to the hotel owned by Kanu.

Also arrested along with him over the alleged fraud is a hotel staff, Oke Samuel.

They were arraigned before an Igbosere Magistrate's court on a 19-count charge of felony to wit, obtaining money under false pretence.

The police alleged in charge suit No. K/8/2013 that Ikon was arrested following a complaint by the management of Hardley Suites Limited, Nwankwo Kanu and Ogbonna Kanu, that Ikon between 2005 and 2012 allegedly defrauded them of the sum of about N1.4 billion on the pretence of using the money to expand the existing facilities of the hotel by constructing and furnishing of additional blocks of 30 suites and conference facilities.

But he allegedly failed to use the money for the purpose and allegedly converted the money to his personal use.

He was also alleged to have forged a special resolution purportedly made by the board of directors of Hardley Suites Limited to obtain loans of N187 million, N50 million and N493 million from Skye Bank Plc without authorization.

The offences, the accused allegedly committed, according to the prosecutor A.M. Animashaun, contravenes sections 8 (a) 1 (a) of the advanced fee fraud and other fraud related offences Act 2006 as applicable in Lagos State.

The accused pleaded not guilty to all the charges.

The prosecutor presented before the court an application for the remand of the accused persons in prison custody pending advice from the office of the directorate of public prosecution, DPP, because the lower court lacks the jurisdiction to try the matter.

But the Chief Magistrate, O.O. Oshin overruled him with legal facts after quoting copiously from several sections of the criminal justice administration laws of Lagos State to buttress her claim that the court has the jurisdiction to hear and admit the accused to bail.

She admitted the first defendant to bail in the sum of N1 million with two sureties in like sum.

One of the sureties must be the defendant himself, the other should be a civil servant on level 16.

She also admitted the second defendant to bail in the sum of N500,000, with two sureties in like sum. One of the sureties must be a level 16 civil servant while the other must be working with a reputable company.

She adjourned the matter till April 4 for mention.

However, the defendants were moved to Ikoyi Prison, Lagos pending when they would fulfill the bail conditions.

Nigerian legal system is a sham. Somebody stole N1.4bn and you are bailing him with N1m. Even his driver can pay that amount from his pocket for the guy to walk away never to return. Mscheeeew!

Bail is meant to assure the defendant's presence at all hearing. These are mere allegations. The prosecutor has not proved beyond reasonable doubt that N1.4b was fraudulently stolen. The amount claimed should have little or no bearing on the bail. In addition this is merely an holding charge at the Magistrate court. That should tell you that they have not completed investigations to the case. When that is done, the prosecutor will file the necessary information at the High Court (Igbosere or Ikeja depending on geographical jurisdiction). This holden charge will then be dismissed by the Magistrate.

Moral: Before you start shooting down Nigerian legal system, try and edumacate yourself on the process

Still Nigerian legal system is a COMPLETE MOCKERY of the judiciary. Haven't you ever heard of accused jumping bail? .
The essence of attaching amounts and sureties to bail conditions is to make it difficult for the accused to jump bail when fulfilled. Now, how will N1m make it difficult for an accused who allegedly stole N1.4bn not to jump bail?

Moral: Before you crucify me, lean to check the spelling of 'edumacate'.

This is why I ask you to educamacate yourself

No common law country use bail to keep accused in jail. It defeats the primary principle of presumption of innocense. We may as well lock up everyone accused by inflating the stolen amount and then use that stolen amount as determinant of bond. That will ensure that the accused will nover be able to make bail. Even surety bond are easily dischargeable when you put up 10%. Not 10 % of allegedly stolen amount. No serious criminal justice system will make it difficult for an accused to jump bail by inflating bond amount, that may be the situation in bond pending appeal, when the accused has already been convicted.

Again to help you out, we don't make bond difficult for the accused, that is antithetical to the very spirit of our constitution:

if the court does not find, or a court has not previously found, probable cause, the accused shall be released without conditions.”
In this case the Magistrates, did and therefore put in a bond amount.
If he could not find PC then the accused held on a “holden charge” ought to be released without conditions, once the court discovers there are no probable cause to held.
The practice of holding accused in jail whilst the police and prosecutors fished for evidence to use in charging an accused for a lesser or greater charge is now unknown to court rules and to our constitution.

Rules on Bond are meant primarily to ensure appearance at future proceeding and not necessarily to make it difficult to post bond. That is why when some judges finds that the defendant pose a flight risk they demand he/she submits Passports.
The new relevant factors to be considered in bail application that will ensure future appearance :
1. “The accused’s history of response to legal process, particularly court orders to personally appear;
2. The accused’s employment status and history, enrollment in an educational institution or training program, participation in a counseling or treatment program, performance of volunteer work in the community, participation in school or cultural activities or receipt of financial assistance from government;etc

Notes: The nature of the charge for which an accused is charge is not a relevant factor to consider in determining which conditions of release will reasonably assure the accused’s appearance.

Most court rules actually enjoins the presiding to “Impose any condition other than detention to assure noninterference with the administration of justice and reduce danger to others or the community.”

Court rules makes it poignantly clear that even when the accused is found to be capable of interference with the administration of justice and a danger to others or the community, detention is not an option or conditions for bail!

- this is from a paper I prepared a little while ago.

Our criminal justice system is actually a lot better than our political system. There are all sorts of problems with our institutions but the judicial system is in a better state than all others. There are bad eggs in every organizations. What this magistrate did is right on its face. You should applaud Kanu and his brothers for taking their case to court and not using EFCC or "godogodo" -mobile police to arrest and beat up the accused. At the same time you should give the accused fair hearing. There are always 2 or more sides to every issue

This is why I ask you again to edumacate yourself. See what you got me into you are going to make some folks in Texas bring out their guns to shoot a "charge and bail" lawyer

Wish wan izit? Edumacate or Educamacate?

Or, is you saying wish ever wan are it he should does it!

[asabatex]

Bobo better produce papillo money, if not areaboys will take action forget the court system...