Abuja - The Federal High Court, Abuja, has granted bail to Abiodun Agbele, an aide to Gov. Ayodele Fayosein of Ekiti, in the sum of N500 million for alleged money laundering.
The judge, Justice Nnamdi Dimgba, who granted the bail on Thursday, ordered the applicant to produce two sureties in the sum of N250 million each.
Dimgba said that the prosecution could not substantiate its claim that the defendant would jump bail.
"I note that the offence the defendant is charged with carries a sentence of three years imprisonment.
"Under Section 162 of the Administration of Criminal Justice Act (ACJA), I am required to release a person charged within the threshold of the penalties referenced above to bail.


"This is, however, except in circumstances where there is reasonable ground to believe that the defendant when released on bail will commit another offence.
"Taking a holistic appraisal of all the materials before me, I am not convinced that the prosecution has provided sufficient evidence as to stop the court from exercising it's jurisdiction to grant bail.
"I hold, therefore, that I am inclined to admit the defendant to bail and I so admit him," Dimgba declared.


He added that every citizen charged with an offence was entitled to a conducive environment devoid of fear to prepare his defence.
The judge held that Agbele would forfeit the N500 million to the Federal Government if he jumps bail.
He said that the sureties could be private businessmen, professionals or civil servants, adding that if in the civil service, he must not be less than the rank of a director.
Dimgba said that the sureties must also be owners of property within the Federal Capital Territory and in Ikeja or Victoria Island, Lagos.
The judge also ordered the defendant to deposit his international passports with the registrar of the court and must not travel abroad without the permission of the court.
He further said that the trial shall be accorded accelerated hearing and the defendant would remain in prison custody until he perfected his bail conditions.
He adjourned the case till Oct. 26 and Oct. 27 for hearing.
Agbele was arraigned by the Economic and Financial Crimes Commission (EFCC) on Wednesday on an 11-count charge bordering on money laundering.


Agbele, had pleaded not guilty to all the charges.
The others charged with Agbele were Musliu Obanikoro, Lt. A. O Adewale, Tunde Oshinowo, Olalekan Ogunseye, who are all still at large and Sylvan Mcnamara Limited.
Agbele and others are standing trial for conspiring among themselves to commit an illegal act to launder N4.6 billion transferred from the Office of the National Security (NSA).



www.vanguardngr.com/2016/08/fayoses-aide-gets-n500m-bail/

mynd44 lalasticlala

Ok

See this small manFayoo's aide posting N500m bail bond again ?
For N500m, wouldn't Seun sell off NL and leave us all for some cool sunny spot to enjoy his life with brazilian "bishes" ?!

Where are these guys getting this money from?
For which services rendered to the Republic sef?
For what duration of centuries or is it decades worth of work ?

And they say they got it from legitimate businesses. That they'd always been rich before they assumed positions of power like say na favor dem wan do us wey make dem trek everywhere using underhand methods to garner pre-election votes?

manFayoo, i dey doubt you o!
I got my eye on you sef!!

Young03:
My only question is money been recovered since

where are they?

oh..9ja my country

I read it will be use to finance 2017 budget

falconey:

I read it will be use to finance 2017 budget

on a long run
we are dying of hungry now n they r talking about 2017
.do they know how many lives that money will save b4 2017 if they release it now

Young03:


on a long run

we are dying of hunger now n they r talking about 2017

.do they know how many lives that money will save b4 2017 if they release it now

right now adaptation should be our primary practice. , survive now for a better day . this time is not a time to acquire luxury but survive hoping for a better day.

bros you dey vote me ba?

falconey:


right now adaptation should be our primary practice. , survive now for a better day . this time is not a time to acquire luxury but survive hoping for a better day.

bros you dey vote me ba?

e be like say oo

KINGinVAHALA

falconey:
KINGinVAHALA

Boss, how far?

Young03:


e be like say oo

My jagaban 1, after you na you baba, don't give any contestant your word yet, I'm gonna chat you up later on the other side, hope you understand na? lol

Anything for your boy?

falconey:

Boss, check your email!

Hmmmm

KINGinVAHALA:

My jagaban 1, after you na you baba, don't give any contestant your word yet, I'm gonna chat you up later on the other side, hope you understand na? lol

Anything for your boy?

lol u de vex oo

anyways no lele