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$1.69m fraud: Ajudua gets N50m bail

Freedom Online by Freedom Online
September 10, 2013
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An Ikeja High Court on Tuesday granted bail to a one-time Lagos socialite, Fred Ajudua, who has been standing trial over an alleged $1.69 million (N270 million) fraud.

Ajudua was granted bail by a vacation judge, Justice Ganiyu Safari, on health grounds.

 

fred_ajudua3

His counsel, Mr Olalekan Ojo, had filed the application on August 19, praying the court to grant him bail on “exceptional circumstances”.

Mr Wemimo Ogunde (SAN), counsel to the Economic and Financial Crimes Commission (EFCC), had opposed the application, claiming that Ajudua would abscond if granted bail.

Ruling on the application, Safari granted Ajudua a bail of N50 million with two sureties in like sum.

The judge said it was evident that the accused was suffering from complicated ailments which needed proper medical attention.

He noted that the medical report attached to the application issued by Dr Adebisi Ogunjimi of Lagos University Teaching
Hospital (LUTH) showed that Ajudua was “gravely ill.’’

Safari said the medical facilities at the Kirikiri Maximum Prisons, where Ajudua was being remanded, could not provide proper treatment for him.

The judge said:“There is no doubt that the medical condition of an applicant can warrant the granting of bail in exceptional circumstances.

“The applicant (Ajudua) is currently on admission at LUTH after he was rushed there on August 3, following his inability to urinate.

“The applicant has only one kidney and is also suffering from hypertension.”

According to Safari, Ajudua’s health condition should not be allowed to worsen while the trial was still going on.

The judge, however, said that Ajudua had abused the previous bail granted him in February 2005 by the substantive trial judge, Justice Joseph Oyewole.

“The accused travelled to India to receive treatment at Grant Medical Foundation and he thereafter, refused to attend court proceedings, leading to over 40 adjournments,” he said.

Safari said the court had no option than to grant Ajudua bail on stringent terms to ensure that the trial was not stalled again.

He directed the sureties to deposit the title deeds of their buildings in Lagos to the Chief Registrar of the court.

He also directed them to produce three years tax clearance from the Lagos State Government.

In addition, Ajudua was also asked to deposit his international passport with the Chief Registrar and was barred from travelling outside Nigeria without the court’s permission.

Ajudua and one Charles Orie are standing trial for allegedly defrauding two Dutch businessmen – Messrs Remy Cina and Pierre Vijgen — of $1.69 million  (N270 million).

The fresh bail application, which was granted by Safari, was the fourth to be filed by Ajudua since the trial began in 2003.

 

 

 

 

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.