The Federal High Court in Lagos on Monday granted N10m bail to a naval captain, Dada Labinjo, believed to have been in a naval underground detention for over a year.
The bail followed Labinjo’s arraignment alongside others on two counts of dealing in petroleum products without lawful authority.
Labinjo is to produce one surety who must own a landed property in Lagos and must show evidence of three-year tax payment.
The Economic and Financial Crimes Commission told the court that the defendants conspired among themselves between August and October 2018 to deal in Automobile Gas Oil (diesel), without the appropriate licence.
The prosecution said they acted contrary to sections 3(6) and 1((19)(a)(b) of the Miscellaneous Offences Act Cap. M17 Laws of the Federation of Nigeria (Revised Edition) 2004, and were liable to be punished under Section 1(17) of the same Act.
Labinjo and the other defendants had pleaded not guilty.