An FCT High Court will on Thursday rule in the bail applications filed by the suspended Accountant-General of the Federation, Ahmed Idris, and three others over alleged N109.5 billion fraud.
Other defendants are Olusegun Akindele, Mohammed Usman and Gezawa Commodity Market and Exchange Limited.
The Economic and Financial Crimes Commission (EFCC) on July 22 arraigned Idris, Akindele, Usman and Gezawa limited on 14-count charge bordering on misappropriation of N109.5 billion.
Justice O. Adeyemi Ajayi fixed the date on Wednesday after listening to the submissions of all counsel in the matter on the bail applications.
She adjourned ruling in the bail applications until Thursday.
In addition, she ordered that the defendants should be remanded in Kuje correctional centre pending ruling.
Earlier, Counsel to Idris, Chris Uche, SAN, urged the court to grant his client bail on liberal terms.
He submitted that the offence his client was charged with, is bailable and not a capital offence.
Other defendants’ counsel, Mr P.B Abalaka, for the third defendant and Mohammed Ndayako, SAN for the fourth defendant aligned with Uche.
He said bail is regulated by the court under Administration of Criminal Justice Act ( ACJA) and that the court should take a judicial notice of that.
He added that though the offence is not capital, but it is weighty.