N900M Fraud: Ojerinde gets bail, to provide two sureties, others
A Federal High Court in Abuja has granted N200million bail to the former Registrar of the Joint Admission and Matriculation Board (JAMB), Professor Adedibu Ojerinde.
It would be recalled that Ojerinde was arrested by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) for misappropriating N900 million.
However, Justice Obiora Egwuatu with the lawyer to the prosecution, Ebenezer Shogunle not to grant Ojerinde bail noting that bail is at the discretion of the court while also adding that there is no evidence before him why the defendant should not be admitted to bail.
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He ordered the defendant to produce two sureties in like sum, who must be residents of Abuja, and show evidence of tax payment.
One of the sureties, the Judge held, must be a Professor of a university while the other must own landed property with title documents in Abuja, which must be verified by the court along with operatives of Independent Corrupt Practices and other related offences Commission (ICPC).
He said, in addition, the Professor, must provide documented evidence of professorship, letter of appointment, and staff identity card.