Breaking News
Translate

$97.5m fraud: Martins back to prison as court revokes bail

By Ise-Oluwa Ige
A Federal High Court sitting in Abuja yesterday, revoked a six-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, totalling $97,500,000 million.

The trial high court judge, Justice Adamu Bello, revoked Martins’  bail, yesterday, 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 court to secure Martin’s release from detention.

Jacobs had stood surety for Martins alongside one eminent Nigerian when the court granted Martins bail.He used the title of a land in a choice area of Abuja but jointly owned by him and others to stand for Martins.

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 the land was worth N150m at the time but that up till now, Martins had not paid him.

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 court to allow him walk out of the problem he voluntarily entered into, a request that was granted.

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

He specifically said that if 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.

Martins made frantic efforts to get another surety yesterday to no avail.

The judge had earlier hinted in court that he had heard a lot of stories to the effect that the only remaining surety standing for him in the matter also tendered fake documents to perfect Martin’s bail.

He said at the appropriate time, the issue would be addressed.

The implication is that even if Martins gets another surety to replace Jacobs, he may still be sent to prison except he shopped for another person with genuine documents.

Recall that police arrested Martins on the premises of a Chief Magistrate’s Court, Wuse, where he is also facing a separate charge on alleged forgery of Corporate Affairs Commission documents with his deputy, Ibrahim Dumuje, and Joni Icheka and one Cosmos.


Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.