Categories: NewsNigeria News

Court Grants Former Minister Agunloye N50m Bail

Court has granted former Minister Agunloye N50m bail.

 

Glamtush reports that Justice Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court Apo, on Thursday, granted bail to ex-Minister of Power and Steel, Olu Agunloye, in the sum of N50 million.

 

Recall that Agunloye was arraigned on seven counts bordering on fraudulent award of a contract and official corruption, on Wednesday.

The judge had ordered his remand in Kuje Correctional Centre pending hearing and ruling on the bail application.

Moving the application, the Counsel for the former minister, Adeola Adedipe, prayed the court to grant bail to his client by way of self-recognisance or in liberal terms.

He said Argunloye is not a flight risk and that the notion canvassed by the prosecution was “born out of misconception and communication barrier.”

Adedipe also appealed to the court not to order the use of a public servant as surety for his client.

The senior lawyer also argued that the apprehensive misconception about bail and the mischief argued by the prosecution has been cured by Section 352( 4) of the Administration of Criminal Justice Act (ACJA).

Under this provision, Adeola said, “Once a defendant is admitted to bail, even if he absconds, the trial will continue and he will be convicted where necessary.”

However, the prosecution counsel opposed the bail application.

He granted N50 million bail to the defendant and ordered him to produce two sureties in like sum.

The sureties must be “reputable” and “people of means” resident within the FCT.

They must have properties worth N300 million with a Certificate of Occupancy that must be verifiable.

The defendant is to submit his passport to the court and must be present for hearing at all times.

The matter has been adjourned to February 12.

The Economic and Financial Crimes Commission (EFCC) is investigating Agunloye over the $6 billion Mambilla Hydropower Contract.

GLAMTUSH

Recent Posts

Ekiti Governor Honours Primate Ayodele’s Late Father, Names Street After Him

The governor of Ekiti state, Biodun Oyebanji has honoured Primate Elijah Ayodele’s late father by…

7 hours ago

Star Life: Saras & Kumud Teasers November 2024

Star Life's new series, Saras & Kumud teasers November 2024, can be accessed below.  …

17 hours ago

Polaris Bank Clinches “Best Mobile App” Award At Digital Jurist Awards 2024

Polaris Bank clinched the "Best Mobile App" award at the Digital Jurist Awards 2024.  …

17 hours ago

Access Holdings’ Total Assets Grows to ₦41.1 Trillion in Q3

Access Holdings’ total assets grew to ₦41.1 trillion in Q3.   Glamtush reports that Access…

18 hours ago

Nigeria Ranks Fifth Globally In Daily Social Media Usage (FULL LIST)

Nigeria has been ranked fifth globally in daily social media usage.   Glamtush reports that…

18 hours ago

Saras & Kumud Premieres On Star Life (Synopsis, Full Story, Casts)

Saraswatichandra, retitled Saras & Kumud, is Star Life’s upcoming series, which is a shift from…

19 hours ago