Just In: Court grants Oyo-Ita N100m bail
Following her arraignment on Monday on charges of money laundering, fraud, a Federal High Court in Abuja has granted N100 million bail to former Head of Service of the Federation (HOSF), Mrs. Winifred Oyo-Ita.
Ita-Oyo was arraigned before Justice Taiwo Taiwo on an 18-count charge. She was arraigned with two of her former aides – Garba Umar and Ubong Okon Effiok.
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Upon their arraignment, the three pleaded not guilty, while not guilty plea was equally recorded for six companies charged with them.
In a ruling a moment ago, Justice Taiwo granted Oyo-Ita bail at N100m while Umar and Effiok got bail at N50m each.
The judge directed that each of the defendants must provide two sureties, among other conditions.
Justice Taiwo released them to their lawyer, with a condition that they must report at the office of the prosecuting agency, the Economic and Financial Crimes Commission (EFCC) for the next seven days until they meet the bail conditions.
According to the Nation, the judge warned that they will be remanded in custody should the fail to meet the bail conditions at the expiration of the seven days.
