News Odukoya, First Nation MD, gets N10m bail

Odukoya, First Nation MD, gets N10m bail


- Advertisment -

Odukoya, First Nation MD, gets N10m bail

A court in Ikeja, Lagos, has granted N10 million bail to Kayode Odukoya, managing director of First Nation Airlines.

Odukoya had earlier pleaded not guilty to fraud and a N1.7 billion theft allegation against him by the Economic and Financial Crimes Commission (EFCC).

When he appeared before the court on March 15, Mojisola Dada, the judge, ordered that he be remanded in EFCC custody pending the determination of his bail application.

Odukoya is facing a four-count chargeof forgery, use of false documents, perjury and stealing.

“The prosecution did not show cause why bail should not be granted to the defendant. He is granted N10 million bail with two sureties in like sum,” the judge said.

“The sureties should have properties in the city of Lagos and should depose to an affidavit of means. The defendant should deposit his international passport with the court. Though the defence had requested that the defendant be granted bail on self-recognition, he will be granted a temporary release on the condition that his international passport is immediately deposited with the court.

“This case is adjourned until May 7 to 10 for trial.”

Before the ruling, Zainab Ettu, the EFCC counsel, told the court that the commission was no longer opposed to the bail application.

“Initially, we had opposed the application, but at the moment I’m urging Your Lordship to leave bail at the discretion of the honourable court.”  (The Cable)

Odukoya, First Nation MD, gets N10m bail Odukoya, First Nation MD, gets N10m bail
Odukoya, First Nation MD, gets N10m bail
Parrot Nigeria
An online news aggregator


Please enter your comment!
Please enter your name here

Latest news

Abdullahi Enilolobo emerges new chairman of APC ‘Mandate Group’ in Lagos

          The leaders of the Mandate group, the biggest and most potent group within the All Progressives Congress (APC) in...

Twitter Places Warning on a Trump Tweet, Saying It Glorified Violence

Twitter said early Friday that a tweet from President Trump suggesting that protesters in Minneapolis could be shot violated...

68 NYSC members to repeat service year in Lagos

National Youth Service Corps (NYSC) coordinator in Lagos, Eddy Megwa, says 68 corps members in the 2019 Stream I...

Liverpool deserve to win title – Ryan Giggs

Manchester United great Ryan Giggs says Liverpool have been “fantastic” this season and will deservedly will the Premier League. Giggs,...

Seplat targets more acquisitions as shareholders get $59m dividends

Seplat Petroleum Development Company Plc remains a resilient business with strong balance sheet to acquire more oil and gas...

COVID-19 can’t be transmitted through breastfeeding – WHO

            The World Health Organisation (WHO) has said that there is no evidence that COVID-19 can be transmitted through an...


At last, Coronavirus lands in Kogi

              Kogi State has recorded its first cases of the...

Can You Tell Who The Father Or Son is in This Photo

The photo which surfaced yesterday left so many social...
- Advertisement -

You might also likeRELATED
Recommended to you

FCMB Work from Home GTWorld