The Economic and Financial Crimes Commission has said it will appeal the ruling of a Federal Capital Territory High Court, which, on Thursday, granted bail to Mr. Abiodun Agbele, believed to be a close ally of the Ekiti State Governor, Mr. Ayodele Fayose.
Agbele was arrested last month by the EFCC based on the allegations that he received N1.219bn from Obanikoro on behalf of Fayose during the build-up to the June, 2014 Ekiti State governorship election.
Justice Olukayode Adeniyi, in a ruling, which the commission described as “shocking”, offered bail to Agbele and ordered the EFCC to pay the suspect N5m as compensation for unlawful detention.
The judge said the failure of the EFCC to charge Agbele to court since his arrest amounted to an abuse of his fundamental rights.
But the EFCC in a statement by its spokesman, Mr. Wilson Uwujaren, described Justice Adeniyi’s conclusion as “curious” against the background of the information presented to the court, which included the fact that the suspect was being held with valid remand warrants issued by competent courts.