Babalele Granted Bail
Abdullahi Babalele son-in-law to the Peoples Democratic Party (PDP) 2019 presidential candidate, Alhaji Atiku Abubakar has been granted bail.
Justice Nicholas Oweibo of the Federal High Court in Lagos granted the bail on Thursday.
Babalele was admitted to a N20million bail with one surety in like sum and also ordered to deposit his passport with the court.
The judge ruled that the surety must be resident in Lagos and must produce evidence of means through an affidavit.
Naija News recalls Babalele was arraigned on Wednesday by the Economic and Financial Crimes Commission (EFCC) for allegedly laundering $140,000 during the 2019 general elections.
He, however, pleaded not guilty to the charges.
The anti-graft agency also arraigned Atiku’s lawyer, Uyiekpen Giwa-Osagie and his brother Erhunse Giwa-Osagie, on a separate charge of laundering $2million.
Hearing in the Giwa-Osagies’ bail applications is ongoing as at the time of filing this report.