menu Home chevron_right
News

Court grants former minister of power #50million bail

Boom RadioNG | January 11, 2024

High court sitting in Abuja, the federal capital territory has today granted bail to former Minister of Power and Steel, Olu Agunloye to the tune of N50 million.

The ruling was given by Justice Jude Onwuegbuzie after Dr. Agunloye was arraigned on seven counts bordering on fraudulent award of a contract and official corruption, on Wednesday.

He was then remanded 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.

The counsel said the former minister is not a flight risk and that the notion canvassed by the prosecution was “born out of misconception and communication barrier” and appealed to the court not to order the use of a public servant as surety for his client.

 

Olu Agunloye
photo credit: EFCC

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

The sureties must be “reputable” and “people of means” resident within the FCT and must have properties worth N300 million with a Certificate of Occupancy that must be verifiable.

In addition, they must submit copies of their identity card and photocopies of their international passports to the court.

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

The matter was then adjourned to February 12.

 

 

Dolupo Balogun

Written by Boom RadioNG

Comments

This post currently has no comments.

Leave a Reply






  • play_circle_filled

    Livestream

  • cover play_circle_filled

    01. Weakness
    Dj Kentha

    add_shopping_cart
  • cover play_circle_filled

    02. Dreams
    Primal Beat, Grover Crime

    add_shopping_cart
  • cover play_circle_filled

    03. Prefekt
    Kenny Bass, R. Galvanize

    add_shopping_cart
  • cover play_circle_filled

    04. Surf
    Primal Beat, Kelsey Love

    add_shopping_cart
  • cover play_circle_filled

    05. ElementD
    J PierceR, Gale Soldier, Dixxon

    add_shopping_cart
  • cover play_circle_filled

    #NewMusicFriday|National Grid Collapses| CBN raises bank’s capital requirement|Lagos-Calaber Coastal Rd
    Kenny Bass

play_arrow skip_previous skip_next volume_down
playlist_play