Court grants Badeh bail in the sum of N2bn
Justice Okon Abang of a Federal High Court in Abuja on Thursday granted bail to a former Chief of Defence Staff, Air Chief Marshal, Alex Badeh (retd), in the sum of N2bn.
The bail is to be guaranteed by two sureties in the sum of N1bn each.
Justice James Tsoho, in his ruling on Thursday, granted bail to Badeh, after dismissing the objection of the Economic and Financial Crimes Commission to it.
"The principle of presumption of innocence operates in favour of the accused person," the judge ruled.
"Justice Abang had on March 7 ordered that Badeh be remanded in prison shortly after the EFCC arraigned the former military chief and a company, Iyalikam Nigeria Limited, on 10 counts of money laundering.
The charges include, a 10-count charge "of" criminal breach of trust and corruption to the tune of N3.9bn, which Badeh and the company were said to have fraudulently removed from the accounts of the Nigerian Air Force between January and December 2013. but have pleaded not guilty to the charges.
Badeh is alleged to have used funds of the Nigeria Air Force to purchase choice property in Abuja.
According to the EFCC, Badeh illegally used N60m to renovate his sons house, which he purchased for N260m in Abuja, between January and December 2013.
The former Defence chief is also alleged to have used N878m being funds of the Air Force to build a shopping mall in Abuja.
Related News
