Court grants N10m bail to herbalist over N20m forex fraud
Justice Oluwatoyin Taiwo of the Ikeja Special Offences Court has granted bail in the sum of N10 million to one Solomon Idonije, charged with a N20 million foreign exchange fraud.
The judge granted Mr Idonije bail on Wednesday after his counsel moved the application for bail.
Justice Taiwo held that the court was inclined to grant bail to the defendant hence, she admitted the defendant to bail in the sum of N10 million with two sureties in like sum.
According to EFCC, on December 21, 2020, Mr Idonije obtained the sum of N4.8m from one Iyen Omowuiugbe for forex trading through Solomon Ace Forex Investments.
On December 23, 2020, he again allegedly collected another N4.1million from the complainant.
Idonije was charged with obtaining money under false pretences, an offence which contravenes sections 1(1) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
On July 4, he was arraigned on a seven-count charge bordering on obtaining money by false pretence contrary to Section 1(1) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
Upon his arraignment, he pleaded not guilty to the charges proffered against him by the anti-graft agency.
On June 5, the judge ordered his remand in the custody of the Economic and Financial Crimes Commission.
He said She adjourned the matter to July 13 for a hearing of the bail application