Justice Nicholas Oweibo granted Giwa-Osagie bail  in the sum of N20million with one surety in like sum, while he, thereafter, fixed October 8 for trial in the case.

The judge also admitted Giwa-Osagie’s brother, Erhunse, also in the same sum and a surety.

He held that the sureties for both defendants must reside in Lagos and have landed property in the state.

Justice Oweibo further ordered that the defendants be released to their counsel, pending the perfection of their bail terms which must be done within 14 days.

The post Alleged Money Laundering: Atiku’s Lawyer, Giwa-Osagie Gets N20m Bail first appeared on MegaIcon Magazine.

The post Alleged Money Laundering: Atiku’s Lawyer, Giwa-Osagie Gets N20m Bail appeared first on MegaIcon Magazine.

Last week, the commission had filed a three count charge against the legal practitioner, Giwa-Osagie  at the Federal High Court in Lagos for allegedly laundering 2 million dollars in the build-up to this year’s general elections.

Also named in the charge is Erhunse Giwa-Osagie, who is said to be his brother.

The EFCC alleged that the two defendants conspired between each other to make a cash payment of 2 million dollars on February 12, 2019, without going through a financial institution.

The offence, according to EFCC is said to be contrary to Sections 18(a) and 1(a) of the Money Laundering (Prohibition) Act 2011 and were liable to be punished under Section 16(2)(b) of the same Act.

Both men pleaded not guilty to the 3 counts and Justice Nicholas Oweibo also ordered that they be remanded in EFCC custody pending the hearing of their bail application tomorrow.

The post Real Reason EFCC Arraigned Atiku’s Lawyer, Giwa-Osagie first appeared on MegaIcon Magazine.

The post Real Reason EFCC Arraigned Atiku’s Lawyer, Giwa-Osagie appeared first on MegaIcon Magazine.