The prosecuting counsel, Mr. O. G. Iwuagwu, during the hearing brief the court that between over the period of May 2006 to November 2006 the two police bosses conspired in an act of abuse of their offices to place the sum of N500 million in two fixed deposit accounts out of the N557,996,065.00 which was donated to the Nigeria Police Force to purchase of arms and ammunition by the Bayelsa State Government.
Mr. Iwuagwu in his presentation stated that the N500 million which was placed in two different fixed deposit accounts by the two former police bosses yielded an interest to the tune of N16,412,315.06 for the two police bosses instead of using the money for the exact purpose the money was donated for by the Bayelsa State Government.
This according to the prosecuting counsel is an alleged corrupt practice as it contravenes the Sections 22(5) and 26(1) of the Independent Corruption Practice and Other Related Offences Commission (ICPC) Act of the year 2000.
The defense counsels, Messrs Kenneth Onorun and Samuel Obairko pleaded with the Justice Sylvanus Orji to uphold the bail earlier granted the accuse when they were initially arraigned.
This bail application was objected by the prosecuting counsel asking the court to go on with the case citing the availability of evidence and a witness who has agreed to testify to the charges leveled against the two former police bosses.
The defense counsel submitted that he cannot proceed with the case at the moment stressing that amended charges leveled on his clients served to him do not contain the statements of the accused thereby making it difficult for him to effectively assess the charges.
To this argument, Justice Sylvanus Orji who was the presiding judge adjourned the case until 8th of January, 2019 and directed the prosecuting counsel to serve the defense counsel with the statements of the accused.
