Bankole, NAFADA Secure N200 Million Bail

By
-
0
106
Berna Namata 19 June 2011 Nairobi — As Claver Gatete, the new governor of the National Bank of Rwanda settles into office, he is faced with the task of crafting new monetary interventions to tame the spiralling cost of living in East Africa's second smallest economy. The IMF has warned that the region needs tighter monetary policies to sustain economic growth, which has largely rebounded to pre-global crisis levels. Rwanda's inflation rate rose to 4.98 per cent in April from 4.11 per cent a month earlier.

Vanguard (Lagos)

Ikechukwu Nnochiri

16 June 2011

Abuja — Reprieve came the way of the embattled former speaker of the House of Representatives, Dimeji Bankole and his erstwhile deputy, Usman Bayero Nafada, as they were ,Thursday, released on bail by an Abuja High Court sitting at Apo.

The court specifically ordered the duo to deposit N50 million each and one surety each in like sum, stressing that the said surety must be a civil servant not below the level of a Permanent Secretary who must be resident within the Federal Capital Territory.

Justice Suleiman Belgore who released them on bail after he had dismissed a counter-affidavit that was filed by the Economic and Financial Crimes Commission, EFCC, in opposition to their consolidated bail applications, ordered the anti-graft agency to retain the diplomatic and official passports of the former speaker and his deputy, saying they should remain in custody pending when all the conditions are perfected.

More News on allAfrica.com

AllAfrica – All the Time

Follow this link:
Bankole, NAFADA Secure N200 Million Bail