Air Vice Marshal Adesola Amosu

Former Chief of Air Staff, Air Marshal Adesola Amosu (rtd) has opted for an out of court settlement with the Economic and Financial Crimes Commission (EFCC).

The retired Air Chief is being prosecuted for an alleged fraud of N22.8bn.

His trial continued on Monday before Justice Mohammed Idris of the Federal High Court in Lagos.

Advertise With Us

Counsel to the EFCC, Nnaemeka Omewa, informed the court that the defence team had met with the anti-graft agency for negotiation in which they proposed terms of settlement.

Counsel to Amosu, Bolaji Ayorinde, also confirmed the position and asked the court to grant the parties a short adjournment to enable them to conclude settlement talks and report back on the outcome.

After listening to the submissions of both parties, Justice Idris adjourned the matter till March 7 for a report of settlement, failing which trial would continue.

The Air Marshal is standing trial alongside Air Vice Marshal Jacob Adigun and Air Commodore Gbadebo Olugbenga, as well as eight other companies for an alleged N22.8bn fraud.

He had initially entered into a plea bargain with the EFCC, but later abandoned it, a move which prompted the anti-graft agency to commence trial against all the defendants.

Advertise With Us
SHARE

Have a story to tell, or images to share on a breaking news in Nigeria or beyond? Send them to  Concise News via Whatsapp (0906 928 2577)

Olugbenga Ige is an AAUA alumnus. Gbenga loves watching Manchester United play at Old Trafford. When he isn't listening to music, he is watching movies. Gbenga is an experienced reporter at Concise News and a new media enthusiast.