'₦2.04bn Fraud:' Court Fixes June 2 for Ruling on Ex-NRC Director's Bail

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The Special Offences Court in Ikeja, Lagos, has fixed June 2, 2026, to rule on the bail application filed by a former Director of Finance of the Nigerian Railway Corporation (NRC), Felix Njoku, who is being prosecuted over an alleged ₦2.04 billion money laundering case.

Justice Olubunmi Abike-Fadipe reserved ruling on the application after hearing submissions from counsel to the defendant during proceedings on Monday.

At the resumed hearing, the defence counsel, Mordecai Adejo, informed the court that a motion seeking bail for the first defendant had been filed on February 3, 2026.

Adejo said the application was backed by a four-paragraph affidavit as well as a written address, both of which he adopted before the court in urging the judge to grant bail to his client.

The former NRC finance director is facing trial alongside other staff members of the Nigerian Railway Corporation in connection with the alleged laundering of ₦2.04 billion.

Following arguments on the application, Justice Abike-Fadipe adjourned the matter till June 2 for ruling on the bail request.

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