The Federal High Court in Lagos on Monday granted N10m bail to a naval captain, Dada Labinjo, said to have been in a naval underground detention for over a year.
The bail followed Labinjo’s arraignment alongside others on two counts of dealing in petroleum products without lawful authority.
The Economic and Financial Crimes Commission told the court that the defendants conspired among themselves between August and October 2018 to deal in Automobile Gas Oil (diesel), without the appropriate licence. adding that the defendants committed the offence “within the Nigerian maritime domain and the Gulf of Guinea.”
However, the judge ordered that Labinjo be released on the condition that he will produce one surety who must own a landed property in Lagos and must show evidence of three-year tax payment within 15 days.
Labinjo’s lawyer Jerry Omoregie was directed to submit his Certificate of Call to Bar to the court’s registrar as a guarantee that he would produce his client for trial.