Justice Nnamdi Dimgba of the Federal High Court, Abuja has granted Mr Abiodun Agbele, an ally of the Ekiti State Governor, Ayodele Fayose bail.
The court said it recognized the importance of presumption of innocence of an accused until proven guilty.
Agbele is to provide two sureties who must sign bail bond of N250m each. The sureties must also have property in Abuja or Lagos.
The Federal High Court, Abuja will on Thursday, rule on the bail application for Mr Abiodun Agbele, an ally of the Ekiti State Governor, Ayo Fayose, who was arraigned in court today.
The judge, Justice Nnamdi Dimgba ordered that Agbele be remanded in Kuje prison till then.
The ruling followed a motion by Agbele’s counsel, Mike Ozekhome (SAN), for his bail.
Agbele is being held and tried by the Economic and Financial Crimes Commission [EFCC].
He is being tried over allegations that he aided Fayose in the movement of about N1.2 billion.
The said amount was received from the Office of the National Security Adviser for the governorship election in Ekiti State in 2014.
Agbele had been in the EFCC Custody since June 27, 2016 in respect of an alleged N1.3 Billion reportedly traced to the personal account of governor Fayose before he was granted bail.
Agbele had earlier been ordered to be released from the EFCC custody by Justice Olukayode Adeniyi of an Abuja High Court.
The EFCC however declined to obey the court order, opting to file application for a stay of execution of the order.
The EFCC’s for stay of execution was however rejected by the court yesterday.
The judge described Agbele’s detention by the EFCC as a high point of impunity and brazen breach of Nigerian citizen to freedom of movement as enshrined in the 1999 constitution.
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