ABEOKUTA – A Lagos federal High court has released the embattled Speaker, Ogun State House of Assembly, Rt. Hon. Olakunle Oluomo on bail.
The Speaker, and the Clerk of the House, Mr. Adeyemo Adedeji and Director of Finance of the House, Samson Oladayo were all released after meeting the bail conditions.
The Economic and Financial Crimes Commission (EFCC) had dragged the Speaker before Justice DE Osiagor of the Federal High Court sitting in Ikoyi, Lagos, over a N2.4 billion fraud allegation.
Oluomo was arraigned alongside Director of Finance, Ogun State House of Assembly, Oladayo Samuel, and the Clerk of the House of Assembly, Adeyemo Adedeji Taiwo, on 11-count charges bordering on money laundering to the tune of N2.4 billion.
Justice Osiagor, in a short ruling, admitted Oluomo to bail in the sum of N300m and two sureties in like sum.
The second and third defendants were each granted bail in the sum of N100m, with two sureties.
The sureties should be public servants on Grade Level 14 and should possess landed property within the jurisdiction of the court.
They must also provide a three-year tax clearance.
The Judge also ordered the defendants to deposit their International passports with the court.
However, the trio of the Speaker, the Clerk and Director of Finance perfected their bail condition on Friday and had since returned to Abeokuta.
The Speaker who arrived the Assembly complex around 12:18pm in Navy blue attire, was received by the Deputy Speaker of the House, Hon. Akeem Balogun and Hon. Yusuf Amosun.
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