The Special Offences Court sitting in Ikeja, Lagos, on Monday reserved ruling till June 2, 2026, on the bail application filed by a former Director of Finance of the Nigerian Railway Corporation (NRC), Felix Njoku, who is standing trial over an alleged N2.04 billion money laundering case.
Justice Olubunmi Abike Fadipe fixed the date after hearing arguments from counsel representing the parties in the alleged financial crime case involving officials of the corporation.
Njoku, alongside other staff of the NRC, was accused of involvement in alleged financial infractions linked to the handling of public funds amounting to about N2.04 billion.
At the resumed proceedings, counsel to the first defendant, Mordecai Adejo, informed the court that he had filed a motion for bail dated February 3, 2026.
Adejo said the application was supported by a four paragraph affidavit and a written address, which he adopted before the court as his argument.
The defence counsel urged the court to grant his client bail on liberal terms, maintaining that the defendant was willing to stand trial and would not interfere with the judicial process.
The prosecution opposed the application, arguing that the weight of the allegations required careful judicial consideration.
Following submissions by both parties, Justice Abike Fadipe adjourned till June 2, 2026, for ruling on the bail application.
