Bloggers Blackmailing GTCO CEO Agbaje Denied Bail For Being Serial Offenders

Bloggers blackmailing GTCO CEO Agbaje have been denied bail for being serial offenders.

Glamtush reports that Justice Ayokunle Faji of the Federal High Court in Lagos has ordered an accelerated trial of the four bloggers charged with defaming and cyberstalking the management of GTCO (Guaranty Trust Holding Company), including its Group CEO, Mr. Segun Agbaje.

The four accused are Precious Eze, Olawale Rotimi, Rowland Olonishuwa, and Seun Odunlami. They are facing 10 amended charges for allegedly publishing false information about the company through various social media platforms.

At the resumed hearing of the matter on the 13th and 14th of November, Justice Faji also dismissed the bail applications, citing the serious nature of the alleged offenses, which include charges that could lead to up to 14 years in prison. The judge also held that one of the defendants, Precious Eze, has shown the tendency to commit a similar offense again if let out, as he is currently charged with a similar offense in another court and was only on bail when he went ahead to commit the alleged offense for which he is now standing trial.

Justice Faaji also highlighted the potentially destabilizing impact such actions could have on the banking sector, particularly since some of the charges involve cross-border activities on the Internet.

The defense counsel, Afolabi Adeniyi, had at the last hearing of the matter while moving an application for bail for the accused persons argued that the defendants should be granted bail on liberal terms, emphasizing that the charges were bailable and that the accused were willing to face trial.

Opposing the application, the prosecution counsel, Chief Aribisala, SAN, urged the court to reject the bail request, highlighting the risk of the defendants absconding and stressing the need for an expedited trial.

In delivering his ruling, Justice Faji denied bail and ordered an accelerated trial, underlining the gravity of the charges.

He also noted that the defendants’ actions challenged the authority of regulatory bodies, including the Central Bank of Nigeria (CBN), which had approved GTCO’s audited statements. The matter has been adjourned until the 10th and 12th of December for continuation of the trial.