EJEMBI EKO, J.S.C. (Delivering the Leading Judgment): At the High Court of the Federal Capital Territory the appellant and one other are defending a 6-count charge alleging conspiracy to criminally convert public funds and criminal conversion of public funds totalling N16,412,315.00 being interests generated from two fixed deposit accounts.
The Bayelsa State Government made a donation of N557,995,065.00 to the Nigeria Police Force (NPF), at the time the appellant was the Inspector General of Police, to enable the NPF purchase equipment for proper policing of Bayelsa State. It appears from the summary of the statement of Olayinka Ayegbayo, an investigator with the Independent Corrupt Practices and other Offences Commission (ICPC), that the appellant and the 2nd Accused had agreed to place and did place N300,000,000.00 and N200,000,000.00 into fixed deposits respectively at Wema Bank Plc and Intercontinental Bank Plc. The two fixed deposits allegedly netted a total of N16,412,315.56 as i…