A Federal High Court, Lagos, on Friday fixed Feb. 1 for ruling in a bail application filed by counsel to a Malaysian-based Nigerian undergraduate charged with money laundering.
The accused, Hope Aroke, is standing trial alongside his alleged accomplice, Tafida Ibrahim, on a four-count charge of money laundering.
The News Agency of Nigeria (NAN) reports that the Economic and Financial Crimes Commission (EFCC) arraigned the accused on Jan. 21, with the duo pleading not guilty to the charges.
Justice Mohammed Idris had granted the second accused bail in the sum of N10 million with one surety, while the first accused, who had no legal representation, was remanded.
At the resumed hearing of the case, counsel to the first accused, Mr Kingsley Izima, applied for bail for his client, urging the court to grant him bail.
Izima said that the aim of the bail was to secure the attendance of the accused in court rather than as a form of punishment.
Objecting to the application, the prosecutor, Mrs Hauwa Abubakar, told the court that the accused was a well known fraudster.
Abubakar said that the EFCC's investigations revealed that the accused had concluded plans to flee the country if granted bail.
She said that the accused had only rented a one-room apartment for three weeks to enable him to carry out his illegal acts before his arrest.
The prosecutor added that at present, he had no traceable residential address and so should not be granted bail.
Justice Idris adjourned the case to Feb. 1 for ruling on the application.