Court grants First Nation Airlines MD bail
A Special Offences Court sitting in Ikeja yesterday granted bail to the Managing Director of First Nation Airlines, Kayode Odukoya, who was alleged to have stolen N1.7 billion by the Economic and Financial Crimes Commission (EFCC).
The trial judge, Justice Mojisola Dada, granted him N10 million bail with two sureties in like sum.
The judge while ruling on the bail application filed by defendant counsel, said the prosecution did not show cause why bail should not be granted to the defendant.
She ordered that “the sureties should have properties in the city of Lagos and should depose to an affidavit of means.
“The defendant should deposit his international passport with the court, though the defence had requested that the defendant be granted bail on self recognition, he will be granted a temporary release on the condition that his international passport is immediately deposited with the court,” the judge ruled.
Odukoya had on March 15, 2018 pleaded not guilty to a four-count charge bordering on forgery, use of false document, perjury and stealing.
The court had ordered him to be remanded in EFCC custody pending the determination of his bail application.
The EFCC said his offence violates Sections 85 (1), 271(1)(b), 361(1)(a)(b), 363 and 364(1) of the Criminal Law of Lagos State 2011.
The judge subsequently adjourned trial till May 7, 2018.