N4.6b Fraud: Court Grants Gov. Fayose's Aide, Agbele N500m Bail

The Federal High Court, Abuja, has granted bail to Abiodun Agbele, an aide to Gov. Ayodele Fayose 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.

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

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