Metuh granted bail

Metuh arrives in court

Justice Abang, in a bench ruling, has granted Olisa Metuh bail after he listened to the bail plea by the Metuh's lawyer.

The judge agreed that the offences are bailable and added that the EFCC could not establish its allegation that the accused person destroyed his statement.

“To hold the view that the accused person, if released on bail, will act in the same manner is speculative. The court does not act on speculation. The alleged conduct of the defendant while in custody of the EFCC cannot be a factor to be considered in refusing his application for bail,” the Judge held.

The judge therefore ordered the embattled PDP National Publicity Secretary to produce two sureties who must deposit the sum of N200 million each. He added that the sureties must not only be residents of Abuja, but also owners of landed  property within the Maitama district of the FCT.

Furthermore, they are to submit the Certificates of Occupancy of the property to the Chief Registrar of the court for verification, as well as submit their three years tax clearance.

According to the court, the sureties must swear to an affidavit of means and also submit two recent passport photographs.

Olisa Metuh is answering to a seven-count criminal charge levelled against him by the  Economic and Financial Crimes Commission, EFCC for his role in the diversion of funds meant to purchase arms.

His firm, Destra Investment Limited, was also charged before the court over alleged N400 million fraud involving the Office of the National Security Adviser.

EFCC also added that the fund which was earmarked for campaign activities of the PDP was diverted by the accused for his personal use.

It alleged that Metuh converted  part of the money to $1 million which he used for his personal business.

Besides, Metuh was alleged to have transferred N21.7 million to another chieftain of the PDP, Chief Tony Anenih.