Admin l Tuesday, March 21, 2017
IKOYI, Lagos, Nigeria – A Federal High Court, sitting in Ikoyi, Lagos has granted bail to two Chinese nationals Taolung Shem(36), Xu Jimg(22), who were paraded for importing fake tires worth N5billion.
Justice Mojisola Olatoregun ordered the Chinese to deposit their International Passport and Residence Permit with the court.
For Chinedu Madubuike, a Nigerian who connieved with them was ordered to deposit N10 million with two sureties in like sum. The sureties must be within the Jurisdiction of the Federal High Court.
While the companies; Sino Nigeria Limited and Nedeca International Limited, involved are to deposit N10 million in bond.
The defendants were arrested in Lagos by Standard Organisation of Nigeria (SON) monitoring and enforcement team for allegedly importing tires which did not meet Nigeria Industrial standard.
In a five counts charge filed against the defendants by the Office of the AGF, the defendants were alleged to have conspired among themselves and imported tires which did not meet the relevant Nigeria industrial standards through means of stuffing various sizes of tires into one, knowing same to be in dangerous state or injurious to life of human beings.
They pleaded not guilty to the five counts charges. Justice Olatoregun adjourned to May 15 for commencement of trial.