BY MAYOWA SAMUEL
A Federal High Court, sitting in Lagos State, has granted bail to the Speaker of the Ogun State House of Assembly, Olakunle Oluomo, in the sum of N300 million with two sureties in like sum.
The defendants will however still be remanded in the custody of the Economic and Financial Crimes Commission pending when they meet their bail conditions, after which they will be transferred to the Abeokuta Division of the court for further orders on their remand.
Justice Daniel Osiagor on Tuesday granted the bail, following no objections from the EFCC.
The Point had reported that the Speaker was arraigned over alleged N4.121 billion money laundering charges.
Others standing trial in the alleged money laundering and forgery charge are Oladayo Samuel, who is the director of Finance at the House and Taiwo Adeyemo, the clerk of the house of assembly.
The counsel for the EFCC, Rotimi Oyedepo, had told the court that he would leave the issue of bail solely within the discretion of the court.
The counsel to the Speaker, Kehinde Ogunwumiju (SAN), on his part, asked the court to admit his client to bail on liberal terms.
In granting bail to the Speaker, Justice Osiagor held that one of his sureties must not be less than a Level 16 officer in the Civil Service, while the other must possess landed property within the court’s jurisdiction.
The court granted the second and third defendants bail in the sum of N100 million 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’s 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.