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CORRUPTION TRIAL:NIGERIAN COURT SEEK N10 BILLION NAIRA BOND (ABOUT $90 MILLION) FROM SENATOR OVER TRAVEL DOCUMENT

 By Folake Alu/Gistmaster
Assistant News Editor

A Nigerian Court is seeking N10 Billion (Naira) bond from Senator Nicholas Ugbane, who is currently standing trial with others over corruption charges.Ugbane , who is representing Kogi East in the upper arm of Nigeria Legislative House (House of Senate) had applied to the Federal High Court, Abuja through his counsel so that his seized travel documents would be  released to him.Ugbane said he needed to travel to Virgina,United States of America for urgent medical attention.
  Justice Adebukunola Banjoko of the Federal High Court said Ugbane must bring a N10 Billion Naira Bail Bond from a reputable bank as a condition before the documents can be released, stating further that the conditionality is necessary so that Ugbane can return to the country and continue with the trial.Aside the bail bond, Ugbane is also expected to be guaranteed by his counsel.
 Ugbane, the Chairman Senate committee on Power, was arrested and arraigned in court alongside his House of Representative counterpart,Hon. Ndidi Elumelu and others over allegations of corruption and misappropriation of N5.2 Billion (Naira) Rural electrification Agency fund.They were charged by the Economic and Financial Crime Commission(EFCC) to court over alleged corrupt practices.Ugbane is facing 130 charges.

Comments

  1. olujamesApril 26, 2010 at 11:39 AM

    These guys are avaricious bastards that has plunged the nation into penury. They need to be brought to justice with extensive jail term of 30 years without possibility of parole in 15 years. Mere two years jail is not a deterrent and the penal code systems and sentencing guidelines must mirror the gravity of how much was stolen or misappropriated. Bunch of morons!!

    ReplyDelete
  2. MinieMay 11, 2010 at 6:34 AM

    This is plea bargaining which means that only the poor go prison and the rich are left off the hook. What a country!

    ReplyDelete

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