Abiodun Waheed Hassan and his company, Bestworth Insurance Brokers Limited were on Thursday granted bail by Justice S. C. Oriji of the Federal Capital Territory High Court Apo, Abuja.
Hassan and his company are being prosecuted on a five count charge the Economic and Financial Crimes Commission, EFCC, for criminal breach of trust in relation to the payment of Twenty Six Billion Naira (N26bn), outstanding insurance premiums and claims of deceased and incapacitated staff of Power Holding Company of Nigeria, PHCN.
Counsel for the defendants had in a motion filed before the court, urged the court to admit the first defendant to bail on liberal terms pending the determination of the charges instituted against him.
But prosecution counsel, Benjamin Manji, prayed the court to refuse bail. He argued that the offence for which the defendant was charge with has become pervasive among public officers, and was giving the country a bad image.
Justice Oriji however granted bail to the first defendant in the sum of N300,000,000 and three sureties, one of whom must be a Permanent Secretary, another a Director and the third, a responsible Nigerian living in Abuja.
The judge adjourned the matter till May 10, 12 and 13, 2021, for trial.
