A Federal High Court sitting in Lagos State has granted Ogun State House of Assembly Speaker, Olakunle Oluomo, bail in the sum of N300million with sureties in like sum.
The sitting presided by Justice Daniel Osiagor on Tuesday granted the speaker bail following no objections from the Economic and Financial Crimes Commission (EFCC), according to Channels TV Reports.
EFCC counsel, Rotimi Oyedepo told the court he would leave the issue of bail at the court’s sole discretion.
The speaker’s counsel, Kehinde Ogunwumiju (SAN), asked the court to release his client on liberal terms.
In granting the speaker bail, Judge Osiagor ruled that one of his sureties must be a civil servant of level 16 or higher and the other must own landed property within the court jurisdiction.
The court granted the second and third defendant bail in the sum of N100million with two sureties also in like sum.
One of their sureties must not be less than a level 14 officer in the civil service. The other must also possess landed property within the court jurisdiction.
All the sureties are to possess three-year tax clearance and swear to an affidavit of means.
All defendants are also to deposit their travel documents with the registrar of the court.
The defendant will be held in pretrial detention by the EFCC for one week until his bail conditions are met and then transferred to the Abeokuta Branch of the Court for further pretrial orders.
