Justice I. E. Ekwo of the Federal High Court sitting in Calabar has ordered the ex-Bursar of the University of Calabar, (Unical), Mr. Peter Agi to be remanded in prison custody.
Justice Ekwo gave the ruling on Monday when the case of alleged fraud amounting to twenty million naira (N20, 000, 000) was brought before him by the Federal Government of Nigeria.
Granting the accued bail in a suit no FHC/CA/CR/03/2018, Justice Ekwo said the suspect should provide a surety of level 14 officer and above in the civil service, who has Certificate of Occupancy for landed property worth N20 million and with evidence of tax clearance.
The Judge also ordered Agi to surrender all his travelling documents to the court and also issued a bench warrant for the arrest of his co-accused (his wife) who is alleged to be at large for arraignment in court.
“The former Bursar is to remain in prison custody pending when the bail conditions are met,” the court held.
According to the charge sheet, it was alleged that between August 2014 and July 2016, the suspect allegedly transferred the sum of N7,335,861 through account number 3080827987 domiciled with First Bank of Nigeria to Isioma Sarah Agi (his wife) thereby committing an offence punishable under Section 1(2)(b) of Miscellaneous Offences Acts
He was also alleged to have unlawfully transferred the sum of N17, 521,874 to various fictitious accounts which contravened the 2011 Money Laundering Act.
“That you, Peter Amama Agi, between January 2014 and November 2016 built a house at 8 Miles valued at over N200 million which is in excess of your total emoluments from January 2011 to November 2016 earned from your employment from the University of Calabar and when confronted with it, you claimed it belonged to your 11 year old child thereby committed an offence contrary to Section 15(11) of the Corrupt practices and other Related Offences Act,” the charge read.
He was also accused of building a house in Calabar and his village worth N200 and N100 million naira, respectively which is said to be above his verifiable sources of income.
The matter was adjourned to the 6, 7, 8 of October 2018 for hearing.