Dasukigate: Court grants Obadina N500m bail

The Federal High Court, Abuja, has admitted Gbenga Obadina, the Managing Director of Almond Properties Ltd., to bail in the sum of N500 million.
Justice Nnamdi Dimgba said that he should produce two sureties in the sum of N250 million each.
The EFCC arraigned Obadina on Friday for receiving over N2.4 billion from former National Security Adviser, retired Col. Sambo Dasuki, for electricity contracts that were never executed.
Dimgba said that the defendant shall forfeit the N500 million to Federal Government if he jumps bail and the two sureties were to each enter a bail bond for the sum of N250 million.

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