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
Parrot Nigeria
An online news aggregator


Please enter your comment!
Please enter your name here

Latest news

I smoked weed before Roy Jones fight – Mike Tyson

            Mike Tyson has said he smoked weed right before his exhibition fight against Roy Jones Jr. The 54-year-old ended up...

2023: Power blocks could throw APC into crisis over who succeeds Buhari — PGF D-G

        Alhaji Salihu Lukman, Director-General, Progressive Governors Forum, says the absence of competition in the country’s democracy was responsible for...

EFCC re-arraigns First Nation chief over N2.1 billion fraud

The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned the Managing Director of First Nation Airways Ltd, Kayode...

Unprotected sex on decline in Nigeria; transactional sex on the rise – NGO

  An NGO, the Civil Society for HIV/AIDS in Nigeria (CiSHAN), says increased awareness about sexually transmitted infections, especially the...

COVID-19: Court okays suit to compel CBN to release list of financial donations

          The Federal High Court sitting in Abuja, on Monday, okayed a suit seeking to compel the Central Bank of...

UI Senate recommends DVC for acting VC

            Sequel to the directive of the Ministry of Education through the National Universities Commission that the Senate of the...


Blackout in Lagos, Kaduna, Sokoto, others as power grid collapses

            The nation’s power grid has collapsed again, plunging parts...

‘Kidnapper’ mistakenly boards vehicle owned by one of his victims

        An alleged kidnapper (pictured) got more than he bargained...
- Advertisement -

You might also likeRELATED
Recommended to you