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A Federal High Court in Abuja, has slammed stringent bail conditions on two Abuja-based business agents, Nsor Nyami and Iranloye Olusegun, who were put on trial by the Inspector General of Police, for allegedly defrauding their employer of N10.6 million.
Justice Musa Suleiman Liman, while admitting the two business agents to bail on Monday, ordered them to produce one surety each who must deposit the original Certificate of Occupancy of their landed property in Abuja to the court throughout the trial of the criminal charge against them.
The sureties to the two business agents are also to produce three years tax certificate that would be verified by the Federal Inland Revenue Service in addition to signing a N20M bail bond for the defendants to be released on bail.
Delivering ruling in their fresh bail application, Justice Liman ordered the two defendants to deposit their international passports and their passport photograph with the court, while their sureties must swear to affidavit of means and submit to the court their National Identification Certificate for the purpose of ascertaining their true identities.
Justice Suleiman, who said that he admitted them to bail on special circumstances of ill health groundS, had vacated his earlier order of January 2025, before admitting them to bail.
Nsor Nyami and Iranloye Olusegun, were arraigned before the court for allegedly defrauding their employer of N10.6 million entrusted into their care.
They were also accused of selling unregistered products to unsuspecting customers across the country before the National Agency for food Drug and Adminiu(NAFDA), sealed up their factory in Abuja.
The Inspector General of Police, who acted on the petition against them and after a thorough investigation slammed on them, a 10-count charge bordering on felony, conspiracy and criminal breach of trust contrary to Section 3 of the Miscellaneous Offences Act, 2007.
Although the defendants denied the charges, the IGP however alleged that the two accused persons, sometime in 2022 in Abuja, conspired amongst themselves to commit felony by dishonestly disposing of the Soya Plus product entrusted to them in violation of directives and guidelines prescribing the mode in which such trust is to be discharged…