The Economic and Financial Crimes Commission (EFCC), yesterday, rearrested Audu Friday, who is among those alleged to have masterminded the establishment and operation of the international ponzi terrorism scheme syndicate arrested in December 2024.

He was swiftly bungled into a Hummer Bus Station at the road leading to the Car Park outside the court premises.

Justice Daniel Osiagor of Federal High Court, Lagos, had earlier granted him bail in the sum of N50 million with two sureties who must be a serving director and who is a property owner, and the title documents deposited in court.

In the same vein, the court refused the bail application of the two other co-defendants who are Chinese nationals who masterminded the monumental fraud syndicate of 792 persons arrested in Lagos late last year.

The defendants, Huang Haoyu, Friday Audu, An Hongxu, and Gentting International Ltd, appeared before Justice Daniel Osiagor on a 12-count charge of cybercrime.

The prosecution counsel, Bilikisu Buhari-Bala, had earlier argued that the defendant was a flight risk; the employees of these defendants were denied bail on Monday by this court.

Buhari-Bala urged the court to refuse them bail and order an accelerated trial.

She said: “We have filed a counter affidavit on March 9, praying your Lordship to deny the defendants bail because they are the major Kingpins in the scheme of the alleged fraud.”