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Alleged N5.2bn Fraud: Why Court Granted Former JAMB Registrar Ojerinde Bail

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The Federal High Court Abuja, has granted bail to a former Registrar of Joint Admissions and Matriculation Board (JAMB), Professor Adedibu Ojerinde.

Ojerinde was arraigned on an 18-count bordering on alleged fraud and diversion of public funds to the tune of N5.2 billion during his tenure in the National Examination Council (NECO) and JAMB.

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He however pleaded not guilty to the charges.

The presiding judge, Justice Obiora Egwuatu had on Tuesday, remanded Ojerinde in prison pending the hearing of his bail application.

 

On the resumed hearing on Thursday, July 8 the court granted him bail in the sum of N200 million with two sureties in like sum.

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Ojerinde’s lawyer, Olorunnishola had applied for bail for his client on claim of ill health.

According to bail terms;

One surety must be a professor in a Federal University and the other must be a property owner in Abuja,

Their residences must be verified and

Ojerinde must deposit his passport with the court registrar.

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The matter was adjourned to July 22 and 23 for trial.

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