IBADAN, Federal Republic of Nigeria. Judge Olayinka Faji of the Federal High Court, Ibadan, Oyo State, on Friday, granted bail to five bankers in respect of the N8 billion currency scam suit while he ordered that the remaining 10 suspects be remanded in prison pending their trial.
Faji, in an almost two hours ruling, granted bail to Ademola Ebenezer, Kehinde Fadokun, Olutunde Sijuade, Ajuwon Bolade and Samuel Ogbeide.
They were granted bail in the sum of N20 million each with two surety each who must own landed properties with certificates of occupancy and who must be resident in the state. The surety must also submit their recent passport photographs and produce three-year tax certificates.
The judge said the bankers must also report to the office of the Economic and Financial Crimes Commission (EFCC) in Abuja or nearby office in the state, if there is any, once in three weeks.
Those denied bail are; Kolawole Babalola, Olaniran M. Adeola, Toogun Kayode Philips, Isiaq Akano, Ayodele Festus, Oyebanji Akeem, Ayodeji Aleshe and Ajiwe Sunday.
Others are Oni Ademola and Afolabi Esther Olunike.
The judge adjourned the case to July 1.
Credit: Tribune (Nigeria)
