A Federal High Court sitting in Lagos State on Tuesday, granted bail to Ogun State House of Assembly Speaker, Olakunle Oluomo, in the sum of N300m with two sureties in like sum
The EFCC on Tuesday arraigned the Speaker over alleged N2.475bn money laundering.
Oluomo was arraigned alongside three others, Oladayo Samuel, Adeyemo Adedeji Taiwo and Adeyanju Amoke (now at large) on 11 counts of conspiracy, forgery, stealing and money laundering preferred against them by the EFCC.
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According to the EFCC prosecuting counsel, Rotimi Oyedepo, the defendants committed the alleged offences between 2019 and 2022.
Rotimi told the court that they allegedly stole the sum of N2.475bn from the treasury of Ogun State House of Assembly.
When the charge was read to the defendants, they pleaded not guilty.
Meanwhile, the EFCC prosecuting counsel, Rotimi Oyedepo, 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.
Justice Daniel Osiagor granted bail to the defendants.
To the first defendant, Olakunle Oluomo, he granted bail in the sum of N300m with two sureties in like sum.
One of his sureties must be not less than a level 16 officer in the Civil Service while the other must possess landed property within the courts jurisdiction.
To the second and third defendants he granted bail in the sum of N100m
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 courts jurisdiction.
Justice Osiagor while granting bail to the defendants ordered that they be remanded for one week in the EFCC’s custody, adding that if they failed to meet up with the bail condition, they would be remanded at the Nigerian Correctional Service.
