Admin l Monday, March 26, 2018
IKEJA, Lagos, Nigeria – A Special Offences Court sitting in Ikeja, Lagos has granted Mr. Kayode Odukoya, Managing Director, First Nation Airline bail in the sum of N10 million and two sureties in like sum. Sureties must be owners of properties in Lagos and deposite certificates of occupancy with the court and tax clearance for two years. Justice Mojisola Dada also granted Kayode Odukoya temporary release provided he is able to deposit his international passport immediately with the court.
The Judge also granted him two weeks to perfect the bail condition failure of which the defendant will be remanded in prison custody.
The judge had earlier ruled that it is at the discretion of the court to grant bail on the condition that the defendant will not jump bail, commit the same crime or influence investigation.
Earlier, the Prosecutor, led by Zainab Ettu told the court that she has intructions not to oppose bail application. Following which, the defence counsel, led by Olawale Akoni,SAN and John Odubela made a formal bail application and urged the court to grant him bail in liberal terms.
The Managing Director of First Nation Airlines, Mr. Kayode Odukoya was on March 16, 2018 arraigned before the Special Offences Court, sitting in Ikeja, Lagos for theft and forgery by the Economic and Financial Crimes Commission, EFCC.
First Nation Airlines and Bellview Airlines are joined in the suit as second and third defendants. He was arraigned on four count charge of theft of N1.7 billion and forgery of Certificate of Occupancy issued by the Lagos State Government.
The EFCC alleged that the CEO of the airlines forged the Memorandum of Loss of Lagos State Certificate of Occupancy registered as No. 33 at page 33 volume 1011 at the Lagos State Land Registry, Alausa, Lagos, in order that the document be acted upon as genuine and that the forged document was in respect of a property located at No. 29, Oduduwa St., Ikeja GRA, Lagos.
Odukoya is alleged by the EFCC to have used the false document and also gave false information on oath concerning the loss of the certificate of occupancy at the Lagos State Land Registry.
The anti-graft commission also said that on October 7, 2016, Odukoya stole and dishonestly converted to his own use N1. 7 billion belonging to Skye Bank contrary to Sections 85, 86(1) 278(1)(b), 285, 361(1),(a) (b), 363 and 364(1) of the Criminal Law of Lagos State 2011.
Justice Mojisola Dada has fixed May 7th and 10th for hearing of the matter.
