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$97.5m Fraud: Court revokes Kenny Martins bail…sends him to Kuje Prisons

By Ise-Oluwa Ige

ABUJA — A Federal high court sitting in Abuja today revoked a 6-month old bail granted the Chairman of Police Equipment Foundation (PEF), Chief Kenny Martins and sent him back to Kuje prisons.

Martins is standing trial before the court on a four-count charge of breaching a loan agreement it entered into with an American company, Cavalry Security Group, LLC, totaling $97,500,000 million.

The trial high court judge, Justice Adamu Bello, presiding over the Martin’s case revoked his bail today after endorsing a request by one of his two sureties, Adedubaje Dele Jacobs to back out from the bail bond he entered into with the high court to secure Martin’s release from detention.

Kenny Martins

Jacobs had stood surety for Kenny Martins alongside one eminent Nigerian when the trial high court granted Kenny Martins bail.

He used the title of a parcel of land located in a choice area of Abuja but jointly owned by him and others to stand for Martins.

The Chief Kenny Martins promised to buy from him the land which title he deposited at the registry of the court to get him out of prison last year.

Dele said that the land was worth about N150million at the time but that up till now, Chief Kenny Martins had not paid him a dime.

He told the court that he was not the only person who owned the land and that his partners had been making life unbearable for him particularly when the title they could use to sell the land was no longer in his possession but with the court.

He had prayed the Abuja high court to allow him walk out of the problem he voluntarily entered into, a request that was granted today.

The court said it was persuaded by the argument of the surety that there was need for him to back out of the deal.

Justice Bello said that in view of the fact that Martins was granted bail on the condition of providing two sureties, he said his bail ought and must be revoked until he was able to produce another one.

Although Kenny Martins yesterday pleaded that he be allowed time to look for another surety, the trial judge yesterday said that he had already ruled and would not reverse himself.

He specifically said that if Kenny Martins had not shopped for another surety before yesterday, he said it was unfortunate in view of the fact that the application by the surety to withdraw had been filed in court for more than two months.

He said he had expected him to be looking for another person who would stand for him in the event the application succeeded.


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