N19.4bn fraud: Court grants Sirika, brother N200m bail

One of the sureties must own a landed property in the Federal Capital Territory, in like sum.
The court also held that the defendants are not to travel outside the shores of Nigeria without the permission of the court.
While delivering the ruling on the bail application, Justice Belgore held he sees no reason to depart from the conditions granted by his learned brother.
He then went ahead to grant them bail in the same condition as Justice Sylvanus Oriji, of the Federal Capital Territory High Court, Abuja.
Concerning Sirika’s brother, ruling on the motion on notice, brought pursuant to Sections 158, 156 and 135 of ACJA, where he requested a sole relief (bail).
The trial judge granted him bail in the same terms and conditions as the 1st defendant (Sirika).
The Sirika brothers, and the company, Enginos Nigeria Limited, are facing a ten-count amended charge bordering on contract fraud to the tune of N19.4bn.
The Economic and Financial Crimes Commission had accused Sirika of conferring undue advantage on his brother and his company, Enginos Nigeria Limited.