Court grants N2m bail to man accused of fraud

An Enugu High Court presided over by Justice Catherine Nwobodo on Thursday granted bail in the sum of N2 million to a 37-year-old man accused of fraud.
Nwobodo granted the bail on the ground that the state did not object to his bail application filed since Feb. 23.
Sunday Agbowo was accused of defrauding a company, Nnolum and Sons Ltd, between August 2009 and January 2011.
He was said to have promised to supply 296,100 litres of premium motor spirit (petrol) valued at N5.04 million but failed to deliver.
He was also accused of defrauding the company of another N6.2 million for the same purpose within the same period.
The court said Agbowo should produce two sureties recommended by his counsel and who had evidence of tax paid for the past three years and should be resident within its jurisdiction.