The Ogun State House of Assembly Speaker, Olakunle Oluomo and two others were on Tuesday remanded in the Economic and Financial Crimes Commission’s custody by a Federal High Court sitting in Lagos State over alleged N2.475 billion money laundering.
Justice Daniel Osiagor ordered that they should 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.
The speaker was arraigned alongside three others who are Oladayo Samuel and Adeyemo Adedeji Taiwo on 11 counts of conspiracy, forgery, stealing and money laundering.
Justice Osiagor, while ruling on the bail application, admitted the first defendant to bail in the sum of N300 million, with two sureties in like sum; one of whom must not be less than level 16 civil servant in the federal civil service.
The second and third defendants were granted bail in the sum of N100 million each with two sureties each in like sum, one of whom must not be less than level 14 in the civil service.
He said all the sureties must possess landed property within the court’s jurisdiction and Title documents were to be deposited with the court’s register.
The sureties must also possess three-year tax clearance certificates and swear to an affidavit of means.
All defendants are to also deposit their travel documents to the court registry.
However, the Judge ordered that the defendants be remanded at the EFCC custody for a maximum of one week and must perfect all their bail conditions by then or they would be transferred to the Nigerian Correctional facility in Abeokuta