A former Chief of Naval Staff, Usman Jibrin, and two others who are
currently being tried for criminal conspiracy brought against them by
the Economic and Financial Crimes Commission, (EFCC), on Wednesday,
September 28, were granted bail by Justice A. S. Umar at a Federal High
Court sitting in Maitama, the Federal Capital Territory (FCT).
Others on trial are retired rear admirals, Bala Mshelia, Sheu Ahmadu and a company, Harbour Bay International Limited.
According to reports, the anti-graft agency said the accused
persons bought a house worth N600million from the account of Naval
Engineering Services without the said purchase contract being captured
in the budget while in office.
The agency had reportedly shown in their investigations that the
documentation for transfer of ownership of the property was done such
that a private company owned by the family of the first defendant, Vice
Admiral Jubrin, became the buyer.
The presiding judge yesterday granted the accused persons bail in
the sum of N100 million each and they are to provide two sureties each
in like sum.
According to the judge, the sureties must have landed properties
within the jurisdiction of the court which must be verified by the
registrar of the court and the EFCC.
They are, however, to remain in prison until the bail conditions
are fulfilled, while the matter was adjourned till November 14th and
15th 2016.
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