An Abuja High court yesterday admitted the suspended Chairman of the House of Representatives Committee on Capital Market, Herman Hembe, and his Deputy, Azubuogu Ifeanyi, to bail in the sum of N1 million each and two sureties in like sum.
Justice Abubakar Sadiq Umar further held that the sureties must be resident in Abuja, while the Registrar of the court will verify compliance with the bail conditions.
Ruling on an oral application for bail by both counsel to Hembe and Ifeanyi, the trial judge said: “The prosecution has not strictly led before me why the accused persons should not be granted bail. In my view, there is no justification for not allowing the accused persons to continue enjoying their administrative bail granted by the EFCC.”
Prosecuting counsel, Jeff Ojeifu, had prayed the court to disregard the administrative bail granted the accused by the Economic and Financial Crimes Commission (EFCC) and remand Hembe and Ifeanyi in prison custody. This was shortly after they pleaded “not guilty” to the charge.
He urged the court consider the pervading corruption in the country and order for their remand, but the judge did not oblige him.