Alleged N420.2m Fraud: Court Grants Defendant N50m Bail In Lagos

EfCC crimes news
Toju David
Justice Y.A. Adesanya, a vacation judge of the Lagos State High Court sitting in Tafawa Balewa Square, T.B.S, Lagos, on Thursday, July 27, 2023, granted bail in the sum of N50m to one Toju David, who is being prosecuted by the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on a two-count charge bordering on an alleged fraud to the tune of N420, 202,220 (Four Hundred and Twenty Million, Two Hundred and Two Thousand, Two Hundred and Twenty Naira) only.

David, who was first arraigned before Justice O. A. Okunuga, on July 12, 2023 is accused of stealing the said money belonging to Mouka Nigeria Limited , an offence contrary to Section 287 (1)of the Criminal Law of Lagos State 2015.

He pleaded "not guilty" to all the counts when they were read to him.

At today’s proceedings, the defence counsel, Y.A Kadiri, SAN, moved the bail application of the defendant.

"We pray the court to grant bail on liberal terms, as stealing is a bailable offence,”he said.

In response, the prosecution counsel, I.O. Clarkson moved the prosecution's counter-affidavit and urged the court to refuse the application for bail on the grounds that the defendant had failed to honour the administrative bail earlier granted to him.

"In the instance that the court is inclined to grant bail, we urge the court to impose stringent conditions that will make it practically impossible for the defendant to abscond," he said.

After listening to both parties, Justice Adesanya granted bail to the defendant in the sum of N50 million, with two sureties in like sum.

One of the sureties must have a house in Ikoyi, while the other must have a house within the jurisdiction of the court.

Both sureties must show evidence of the last two years' tax payment and also swear to an affidavit of means.

Category: World-News
Tag: EfCC crimes news
Written by Omooba Alekuwodo (omoobaalekuwodo)
Published 7/27/2023 7:35:51 PM

Join us on:
Facebook | WhatsApp Community
| Twitter| WhatsApp Channel
How would you react to this story?
Thump Up Thumb Down
Thumb Up Thumb Up
0 1

Hey!
You cannot submit comment on this topic because you are not currently login. You can choose to Login or Create an Account then you are good to join the discussion.


Author Author (Entrant )
10 months ago
0     0     - 0 Replies    

Most Recent Comments         Load More Comments

Trending News

Ude Unveils List of 20 People Allegedly Killed By The Embattled Fmr Gov Yahaya Bello

Nigerian University Expels Student for Impregnating Her Female Lecturer

Gov Adeleke Caught Placing Personal Tags On Federal Government Palliative Rice To Deceive Osun People

Ownership Crisis Rocks Benin City as Igodomigodo Asks Oba of Benin to Return To Ile-Ife

Many Fear Dead As Flight Vehicle Fell in Makurdi

Lady Runs Mad After She Was Dropped From A Tricycle By Suspected Yahoo Boys

Uproars as Suspected Yahoo Boy Brags 100 Nigerian Policemen Guide Him Daily

Aregbesola Dragged for Violating State Policy At Iwo Ramadan Lecture

First Class Graduate Die After Completing 21-Day Fasting Allegedly Ordained By Her Pastor To Cure Ailment

Obi Cubana Share Touching Story When His Wife Paid His Price

Load More
Free CBT Exams
Take Exam