A Federal High Court sitting in Ikoyi, Lagos, on Thursday, May 30, 2019, granted bail to embattled Nigerian musician, Naira Marley, in the sum of N2,000,000.00( Two Million Naira).
He was earlier arraigned before Justice Nicholas Oweibo by the Economic and Financial Crimes Commission, EFCC, on 11-count charge bordering on conspiracy, possession of counterfeit credit cards and fraud.
He pleaded not guilty to the charges preferred against him and was remanded in prison custody.
At the last sitting, counsel to the defendant, Taiwo Oluwa Ore- Agba, had asked the court for a date to hear the bail application on behalf his client. Consequently, Justice Oweibo adjourned the case to May 30, 2019 for hearing of the bail application.
At today’s sitting 30th may, counsel to the defendant, Olalekan Ojo, SAN, adopted the bail application before the court and urged the court to exercise its discretionary power to grant his client bail in the most liberal terms, saying “the offence before the court is a bailable one.”
However, EFCC counsel, Mr Rotimi Oyedepo, opposed the application for bail, claiming that the defendant was a “flight risk”.
He said that there was an upsurge in the rate of cybercrime popularly termed “yahoo yahoo” in Nigeria, arguing that the menace had left the country in a devastating condition and dented its image.
He was thereafter granted bail with two sureties, One of the sureties must be a civil servant on Grade Level 10, while the other must own a landed property within the jurisdiction of the court.
He adjourned the case until Oct. 22, for trial.
Cybercrime attracts up to seven years of imprisonment.