Justice Jude Onwuegbuzie of the Federal Capital Territory (FCT) High Court Apo, on Thursday, granted bail to ex-Minister of Power and Steel, Olu Agunloye, in the sum of N50 million.
Agunloye was arraigned on seven counts bordering on fraudulent award of a contract and official corruption, on Wednesday.
The judge had ordered his remand in Kuje Correctional Centre pending hearing and ruling on the bail application.
Moving the application, the Counsel for the former minister, Adeola Adedipe, prayed the court to grant bail to his client by way of self-recognisance or in liberal terms.
He said Argunloye is not a flight risk and that the notion canvassed by the prosecution was “born out of misconception and communication barrier”.
Adedipe also appealed to the court not to order the use of a public servant as surety for his client.
The senior lawyer also argued that the apprehensive misconception about bail and the mischief argued by the prosecution has been cured by Section 352( 4) of the Administration of Criminal Justice Act (ACJA).
