By Lukman Olabiyi
Two Chinese and a Nigerian docked before the Federal High Court, Lagos for allegedly importing sub-standard automobile tyres worth about N5 billions, yesterday got bail in the sum of N10 million, with two sureties each in like sum.
The accused are Taolung Shen, Xu Jing Yao and Chinedu Madubuike as well as two companies, Sino Nigeria Limited and Nedeca International Limited. They were arraigned by the Attorney General of the Federation and Minister of Justice.
Presiding judge, Justice Mojisola Olatoregun, while ruling on the bail applications separately filed by the defence counsels, Victor Opara and Napoleon Nwachukwu, stated that the two Chinese should submit their international passports and residential permit to the court’s Deputy Chief Registrar.
The judge also ordered the two companies named in the charge to submit bond of N10 millions each.
The court stated that the two sureties for each defendants must not be teachers, must reside within the jurisdiction of the court and also must show evidence of three years tax clearance.
The court specifically, told the counsel to the two Chinese that he was known to be a reputable lawyer and should not degrade himself by bringing professional sureties before the court.
The lawyer, Opara, commended the court for well considered ruling and promise not to disappoint the court.
The court, therefore, fixed May 15, 2017 for trial.