Thursday 20th May 2010
$97.5m Fraud: Court revokes Kenny Martins bail…sends him to Kuje Prisons
Cover Stories May 20, 2010 By Ise-Oluwa Ige

ABUJA — A Federal high court sitting in Abuja today revoked a 6-month old bail granted the Chairman of Police Equipment Foundation (PEF), Chief Kenny Martins and sent him back to Kuje prisons.

Martins is standing trial before the court on a four-count charge of breaching a loan agreement it entered into with an American company, Cavalry Security Group, LLC, totaling $97,500,000 million.

The trial high court judge, Justice Adamu Bello, presiding over the Martin’s case revoked his bail today after endorsing a request by one of his two sureties, Adedubaje Dele Jacobs to back out from the bail bond he entered into with the high court to secure Martin’s release from detention.


Kenny Martins
Jacobs had stood surety for Kenny Martins alongside one eminent Nigerian when the trial high court granted Kenny Martins bail.

He used the title of a parcel of land located in a choice area of Abuja but jointly owned by him and others to stand for Martins.

The Chief Kenny Martins promised to buy from him the land which title he deposited at the registry of the court to get him out of prison last year.

Dele said that the land was worth about N150million at the time but that up till now, Chief Kenny Martins had not paid him a dime.

He told the court that he was not the only person who owned the land and that his partners had been making life unbearable for him particularly when the title they could use to sell the land was no longer in his possession but with the court.

He had prayed the Abuja high court to allow him walk out of the problem he voluntarily entered into, a request that was granted today.

The court said it was persuaded by the argument of the surety that there was need for him to back out of the deal.

Justice Bello said that in view of the fact that Martins was granted bail on the condition of providing two sureties, he said his bail ought and must be revoked until he was able to produce another one.

Although Kenny Martins yesterday pleaded that he be allowed time to look for another surety, the trial judge yesterday said that he had already ruled and would not reverse himself.

He specifically said that if Kenny Martins had not shopped for another surety before yesterday, he said it was unfortunate in view of the fact that the application by the surety to withdraw had been filed in court for more than two months.

He said he had expected him to be looking for another person who would stand for him in the event the application succeeded.


4 Responses for “$97.5m Fraud: Court revokes Kenny Martins bail…sends him to Kuje Prisons”
EVANGELIST KOLAWOLE AWOYEMI says:
May 20, 2010 at 6:52 pmthese type of men and women in our society should be
given special fast track judgement i hope
president jonathan and efcc will fish out more of them and use part of their stolen money to fed them in prison.
Iyke says:
May 20, 2010 at 6:45 pmYou see why i have problem with nigerian law system. just yesterday Ms Thorpe american citizen was sentenced for a total of 24years for fraud that is not upto usd100.000 her case did not last for 2months but here is Chief Kenny Martins standing trial before the court on a four-count charge of breaching a loan agreement it entered into with an American company, Cavalry Security Group, LLC, totaling $97,500,000 million.this is a fraud too and why has he not being sentenced after six months,forsure his god fathers are there to rescue him from going to jail and the case will be struck out of court for lack of evidence ^^Shame on our judiciary^^.
Asher(France) says:
May 20, 2010 at 6:40 pmPlease send me its prison key. I promised to put it in the sea.
ernest(malaysia) says:
May 20, 2010 at 6:34 pmsend him to jail now….his case have taken so much long we need justice now this kind of amount you are calling here should not be easy treated with this man here called kenny martin.

Jail him or he brings all the money he stole from nigerian people.
L

Awon omo ole!!!!