LAGOS – A Federal High Court in Lagos has slammed a N2m bail on a businessman, John Obi, over his attempt to export 21.69 kilogrammes of Methamphetamine to South Africa.
Obi, whose address was not mentioned, is standing trial on a count charge of unlawful possession of illicit drug.
The accused, who was arraigned by an officer of the National Drug Law Enforcement Agency (NDLEA), pleaded not guilty to the charge.
Justice John Tsoho, who gave the ruling, also granted the accused a credible surety in like sum.
Tsoho said that the surety must be a resident in Lagos and should depose to an affidavit of means of livelihood.
He also ruled that the accused and the surety must present two passport photographs to the court as part of the bail conditions.
The judge ordered the accused to be remanded in Ikoyi prison pending the time he would perfect the bail conditions.
Counsel to the accused, Mr. Benson Ndakara, had urged the court to grant bail to the accused on liberal terms.