Judge grants Ishaq Bashir bail for N2m in $1m fraud case

Bashir Ishaq

The Economic and Financial Crimes Commission, EFCC, on Thursday arraigned one Bashir Ishaq Bashir before Justice S.E. Aladetoyinbo of the Federal Capital Territory, FCT High Court, Maitama, on a three-count charge of obtaining by false pretence and cheating to the tune of $1 million.

Bashir, who was arraigned alongside his companies, Leda Greenpower Consortium, Leda Greenpower Nigeria Limited and Leda Consortium Limited, was, however, granted bail for N2million.

Bashir was alleged to have collected the said sum as part payment of a $3 million agreement from Althani Investments Company Limited for the purpose of forming a consortium to bid for shares at the Kaduna Electricity Distribution Company.

The bidding failed and several attempts made by the company for a refund of the money proved abortive.

He pleaded “not guilty” to the charges when they were read to him.

Prosecution counsel, Rimamsomte Ezekiel, thereafter asked for a trial date.Bashir

Responding, counsel for the defendant, A.B. Anachebe, SAN, moved the motion for his bail application.

Ezekiel opposed the application, arguing that “the defendant if granted bail will interfere with prosecution witnesses”.

He further argued that the application was not proper in the sense that the defence only mentioned the name of the first defendant without reference to the second, third and fourth defendants.

Justice Aladetoyinbo, while adjourning to April 10, 2017 for hearing granted him bail in the sum of N2 million and one surety in like some.

The surety must be resident in Abuja and must have a landed property.

Source

Click to Join Our Facebook Group

Share your Story with us on Whatsapp

Join our Whatsapp group and get instant updates.



Join Nigeria Information Facebook Group

Win your Court cases today, Get Affordable Supreme Court Law Reports >> CLICK HERE



BESTSELLER: Get A-Z of contemporary laws of ELECTRONIC EVIDENCE in Nigeria By Alaba Omolaye-Ajileye. To ORDER, sms or call : +2347063666998, +2348159307051 or email jurispublicationseries@gmail.com



Alexander Payne: Get these Law books to aid your practice.

Supreme Court Judgments on Lands (1907-2013) and Nigerian Company Law Cases (1945-2016) are going for 120k per set.The Reports contain valuable and uncommon locus classicus for Legal research, opinion, and advocacy. Grab your copy now!!! Call 09091130714 or 07084004038

Leave a Reply

Your email address will not be published.

%d bloggers like this: