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Updated: Court Grants Adoke N50m Bail Over ‘$1.2b Malabu Oil Fraud’




Breaking: Court Grants Adoke N50m Bail Over '$1.2b Malabu Oil Fraud'

A Federal High Court sitting in Abuja, Nigeria’s capital, has granted a bail of N50 million with one surety to Mohammed Adoke, a former Attorney-General of the Federation (AGF).

Naija News reports that the former AGF was granted bail the court on Thursday morning, January 30.

This online news platform understands that Adoke is facing trial over alleged corruption of $1.2 billion oil in the Malabu oil deal.

In a ruling which was delivered by Justice Abubakar Idris, he court admitted Adoke’s co-defendants- Aliyu Abubakar and Rasky Gbinigie- to bail pending the determination of corruption allegations against them.

While the court gave the 2nd defendant, Abubakar bail in the sum of N50m, it granted the 3rd defendant, Gbinijie bail in the sum of N10m.

The court held that the sureties must be responsible citizens that must depose affidavits of means.

Justice Idris ruled that the sureties must be resident within the jurisdiction of the court and must own verifiable landed properties worth the bail sum.

The sureties were asked by the court to tender their three years tax clearance certificates, even as it seized international passports of all the defendants, warning them not to travel out of the country without permission.

Justice Idris held that the defendants must sign a written undertaking not to interfere with any of the prosecution witnesses and to make themselves available for trial at all times.

The presiding judge warned that breach of any of the conditions would warrant automatic revocation of the defendants’ bail.

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Justice Idris, thereafter, dismissed a counter-affidavit the EFCC filed to oppose the release of the defendants on bail.