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N2.7bn Fraud: Court grants businessman N250m bail, adjourns husband's case

Businessman Oriyomi Idowu has been granted N250 million bail by Justice Mojisola Dada of the Ikeja Special Offenses Court. The bail hearing for Ruth, his wife who is also accused of N2.7 billion fraud, has been postponed to December 20.

The couple is charged with 20 counts, including forgery, money laundering, theft, keeping stolen property and obtaining money by false pretenses. On November 28, Oriyomi Idowu entered a not guilty plea to the charges. The court granted her request for bail and set the conditions and amount of release.

Judge Dada states that Idowu must not only prove that he is gainfully employed and can place a lien on their bank accounts, but also post two sureties for a similar amount. In addition, he must provide the Chief Registrar of the Court with his international passport. The trial date has been postponed until January 10, 2024.

Earlier, Oriyomi Idowu's lawyer, Mr James Alara, withdrew the first bail application and filed a fresh application with medical findings on Ruth Idowu's condition.

The prosecutor through EFCC representative, Mrs. Bilikisu Buhari, has asked for more time to verify the medical reports attached to the updated bail application.

“We responded to the request that they withdrew and offered us the new one on December 11. We intend to respond to the first defendant's fresh bail application. Your Honor, the prosecutor must authenticate the said medical reports attached to the fresh bail application,” she said.

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