Court Grants Businesswoman N5 Million Bail Over Alleg6e N34 Million Theft
Justice Ismail Ijelu of a Lagos State High Court Sitting in Ikeja has granted one Oluwabukunola Gadzama bail of 5m over alleged N34 million theft.
Oluwabukunola was arraigned by the Economic and Financial Crime Commission (EFCC) on a two-count charge bordering Stealing and Retention of proceeds of crime.
She pleaded not guilty to the charges when read to her.
The EFCC prosecuting counsel, Franklin Ofoma, prayed to the court for a trial date and also ordered the defendant remanded at the correctional Facilities pending the date.
Defence counsel I.O. Lala told the court that he has an application for a summons for bail dated March 26, 2025.
The statement states that the defendant is ready to stand trial and that the Offences charged are bailable.
The EFCC Prosecuting counsel objected to the application, citing to the court that the defendant had jumped the administrative bail given to her by the EFCC on November 20, 2024. Justice Ijelu, in his ruling, granted the defendant a bail of 5 million.
“In line with justice I grant the defendant 5 million naria bail, with two responsible surties in like sum. One of the surties must be blood related and gainfully employed. The resistance of the surties shall be verify with evidence not tax payment in Lagos state for the past three years.
“The addresses of the defendant and surties shall be verified and the Chief High court of Lagos State shall verify this.
“I remand the defendant at the correctional center pending the perfection of the bail application, I adjourned April 15, 2025 for trail.” Some of the charges reads:”
Oluwabukunola Gadzama and Buildcon Global Services Limited sometimes within October 2021 and April 2022, in Lagos, with a dishonest intent, stile and converted for your own use the sum of N34,500,000.00 property of Adeyemi Joshua being the purchase price of a 300sqm land of mak court Estate, Lekki Lagos.”
“Oluwabukunola Gadzama and Buildcon Global Services Limited sometimes within October 2021 and April 2022, in Lagos within the jurisdiction of this Honourable Court, retained the aggregate sum of N34,500,000.00 (Thirty Four Million Five Hundred Thousand Naira) being proceeds of criminal activities, to wit; stealing.”
