Capital Oil boss, four others still unable to get bail

 A Federal High Court in Lagos on Tuesday fixed Oct. 18 to hear a bail application filed by the Managing Director of Capital Oil and Gas, Ifeanyi Uba, facing trial over alleged N43.29 billion fuel subsidy fraud.

Charged with Uba in the suit by the Police Special Fraud Unit (SFU) at the Tinubu Magistrates’ Court in Lagos are Nsika Usoro, Godfrey Okorie, Chibuzor Ogbuokiri, and Joseph Orji– all employees of the company.

The SFU accused the men of economic sabotage, obtaining money by false pretences,money laundering, forgery.  and stealing of N43.291 billion, property of the Federal Government,
The defendants, who appeared before Magistrate Martins Owumi, were remanded in the SFU custody for 14 days.

Justice Okon Abang adjourned the case till Oct. 17 for the SFU to respond in writing to the motion before the court.The court, while adjourning the case, said that this would be the last adjournment in the bail application.

Mr Aderemi Adekile, counsel to the respondents, had appealed for another adjournment  to enable him respond to the motion on notice.According to him, there had been no time to respond to the converted motion as directed by the court, due to the short time span.

“It is in the interest of justice for this weighty application to be adjourned, so as to enable the prosecution put something on the other side of the scale of justice,” he said.Counsel to the applicant, Mr Joseph Nwobike (SAN), opposed the application, arguing that parties were bound by the record of the court in which the order for hearing was made.

Nwobike said that it was not fair to extend time in favour of the respondents, in a matter of fundamental human right enforcement which the law stipulates should be treated with urgency.

“The only conclusion to be drawn from my learned friend’s application for extension is that he has failed to obey the order of court for the purpose of filing his response.“The application is unmeritorious and unjustifiable.

“If my lord grants this application for adjournment, then the unlawful detention of the applicants would have gained judicial certification and support,” Nwobike argued.Citing Order 4 Rule 4 of the Fundamental Human Right Enforcement Procedure Rules, he urged the court to dismiss the application and hear the motion on notice.

In his ruling, Abang pointed out that the court was a temple of justice and it behoves on the respondent, having been served, to respond as ordered by the court.“It is at the discretion of the court whether or not to adjourn, but in doing this, the court is enjoined to take into consideration the entire circumstances of the case.

“Justice delayed is justice denied, but also justice rushed, is justice quashed, I so hold” Abang ruled. (NAN)


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