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I collected $2.267m cash from Adoke, ex-Unity Bank MD tells court
..Witness: no record of transaction in bank
Rislanudeen Mohammed, a former Acting Managing Director of Unity Bank Plc, told the court that Adoke owed his bank N300 million.
Mohammed said when the ex-AGF wanted to pay, he called him (Mohammed) to his house and handed him $2,267,200 in cash in a black bag allegedly taken from the boot of his (Adoke’s) car.
The banker, who now works with the Bank of Industry (BoI), gave details of his relationship with Adoke while testifying as the second prosecution witness in the trial of the ex-AGF and a businessman, Aliyu Abubakar, on money laundering-related charges.
The witness, who said the ex-AGF is his long-time friend, told the court that one of his colleagues sought his assistance to enable Adoke access N300 million facility for about five years.
He said although the facility was a temporary overdraft, which normally should not exceed 30 days, the process, including the documentation and payment of the requisite two per cent fee, amounting to N6 million, was not completed.
Mohammed said, at a point, when officials of the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) came to assess Unity Bank’s liquidity status in view of the prevalence of non-performing loans, they identified Adoke’s account and threatened to name the account as among those belonging to politically exposed persons who are responsible for the collapse of banks.
The witness averred that because Adoke is his friend, he pressurised the ex-AGF to repay the loan to avoid his name being made public.
Under cross-examination by Adoke’s lawyer Kanu Agabi (SAN), the witness said he acted as an agent of Unity Bank in his dealings with Adoke.
The Awujale and paramount ruler of Ijebuland, Oba Sikiru Kayode Adetona, has passed away at the age of 91.
The respected monarch reportedly died on Sunday, just hours after the announcement of the death of his longtime friend and former President, Muhammadu Buhari.
Mourning his passage, a prince of Ijebu, Prince Adedoyin Alatishe wrote on X, “Baami Ogbagba agbatewole , Erin wo. Omo anikilaya saagbu.”
Adetona, who ascended the throne in 1960, was one of Nigeria’s longest-reigning traditional rulers and widely revered for his contributions to the sociopolitical development of Ijebuland and Ogun State at large.
Former president muhammadu Buhari has died at a hospital in London this afternoon according to the family, He was former military head of state in 1983.
The family of the former president has announced the passing on of the former president, Muhammadu Buhari, GCFR, this afternoon in a clinic in London. May Allah accept him in Aljannatul Firdaus, Amin.”
Detials later
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Breaking : Tinubu returns to Abuja tonight after diplomatic visits to Saint Lucia, Brazil,Says Onanuga
President Bola Ahmed Tinubu is expected to arrive Abuja later tonight following a two-nation diplomatic tour that took him to Saint Lucia in the Caribbean and Brazil in South America.
His return was confirmed in a message posted on Saturday afternoon by the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, on his verified X handle, @aonanuga1956.
“President Bola Ahmed Tinubu returns to Abuja today after his two-nation visit to Saint Lucia and Brazil,” the presidential aide stated.
The President departed Nigeria on Saturday, June 28 for what was described as a strategic outreach aimed at strengthening ties with regions historically under-engaged in Nigeria’s diplomatic matrix.
His first stop was Saint Lucia, where he made a historic visit to build new ties and explore emerging partnerships with Caribbean states.
While in Saint Lucia, Tinubu interacted with regional leaders under the Organisation of Eastern Caribbean States (OECS), reinforcing Nigeria’s growing interest in Caribbean diplomacy and South-South cooperation.
He subsequently proceeded to Brazil to participate in the 17th BRICS Summit held in Rio de Janeiro.
On the sidelines of the summit, President Tinubu held a bilateral meeting with his Brazilian counterpart, President Luiz Inácio Lula da Silva.
The leaders co-chaired the Nigeria-Brazil high-level bilateral meeting , where they discussed mechanisms to boost trade, infrastructure financing, and cultural cooperation between Africa’s most populous country and Latin America’s largest economy.
With the President’s return, focus is expected to shift to domestic engagements and follow-up actions on the diplomatic and investment commitments made during his foreign tour.
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