A Federal High Court sitting in Lagos State has granted bail to the Speaker of the Ogun State House of Assembly, Olakunle Oluomo.
Delivering a judgement on Tuesday, the presiding judge, Justice Daniel Osiagorgranted Oluomo bail in the sum of N300m with two sureties in like sum.
The Speaker was arraigned by the Economic and Financial Crimes Commission (EFCC) over alleged N2.5bn money laundering charges.
During the hearing, the counsel for the EFCC, Rotimi Oyedepo, had 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.
In granting bail to the Speaker, Justice Osiagor held that 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 court’s jurisdiction.
