N109bn ‘fraud’: Court grants ex-AGF Ahmed Idris bail

An FCT High Court has granted bail to the former accountant-general of the federation (AGF) Ahmed Idris who is facing charges of laundering about N109 billion.

Justice Adeyemi Ajayi on Thursday adopted all the terms and conditions of the administrative bail the Economic and Financial Crimes Commission (EFCC) earlier gave the ex-AGF and his co-defendants.

The other defendants are Godfrey Olusegun Akindele, Mohammed Kudu Usman and Gezawa Commodity Market and Exchange Ltd.

The defendants are being prosecuted on a 14-count charge of stealing and criminal breach of trust to the tune of N109, 485,572,691.9.

“In line with the due process and supremacy of the law, the Defendants are still entitled to bail, irrespective of the enormity of the allegations against them.