A Federal High Court sitting in the the federal capital territory (FCT) Abuja has granted bail to Ex-Minister Of Power And Steel, Olu Agunloye.
Delivering the ruling, Justice Onwuegbuzie granted bail to the defendant to the tune of N50 million and ordered him to produce two sureties in like sum.
The Judge stressed that 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.
Recall That Justice Onwuegbuzie had ordered that Agunloye be remanded in Kuje correctional centre pending hearing and ruling on the bail application.
Agunloye who was arraigned on seven counts bordering on fraudulent award of contract and the $6 billion mambilla hydropower contract is still been investigated by the economic and financial crimes commission (EFCC).
A Federal High court sitting in the the Federal Capital Territory (FCT) Abuja has granted bail to Ex-Minister Of Power And Steel, Olu Agunloye.
Delivering the ruling, Justice Onwuegbuzie granted bail to the defendant to the tune of N50 million and ordered him to produce two sureties in like sum.
The Judge stressed that 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.
Recall That Justice Onwuegbuzie had ordered that Agunloye be remanded in Kuje correctional centre pending hearing and ruling on the bail application.
Agunloye who was arraigned on seven counts bordering on fraudulent award of contract and the $6 billion mambilla hydropower contract is still been investigated by the economic and financial crimes commission (EFCC).
A Federal High Court sitting in the the federal capital territory (FCT) Abuja has granted bail to Ex-Minister Of Power And Steel, Olu Agunloye.
Delivering the ruling, Justice Onwuegbuzie granted bail to the defendant to the tune of N50 million and ordered him to produce two sureties in like sum.
The judge stressed that 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.
Recall That Justice Onwuegbuzie had ordered that Agunloye be remanded in Kuje correctional centre pending hearing and ruling on the bail application.
Agunloye who was arraigned on seven counts bordering on fraudulent award of contract and the $6 billion mambilla hydropower contract is still been investigated by the economic and financial crimes commission (EFCC).
