The Federal High Court sitting in Lagos, presided over by Justice Chukwujekwu Aneke, has granted music producer and former manager of gospel artist Mercy Chinwo, Ezekiel Onyedikachi (also known as EeZeeTee), a N20 million bail in connection with a fresh $255,000 alleged forex transaction fraud brought against him by the Economic and Financial Crimes Commission (EFCC).
Recall the EFCC had initially filed a 14-count charge against EeZeeTee for alleged fraudulent conversion but later amended the charge to seven counts, accusing him of engaging in foreign exchange transactions without a license.
Justice Aneke, in a brief ruling today, set the bail condition, requiring one surety who must reside in Lagos and own property worth the bail sum.
The judge, who had previously released EeZeeTee to his lawyer, Ojukwu Chikaosolu, gave him 72 hours to meet the bail condition.
