Seun Egbegbe looking joyful as he gets bailed

After his bail hearing was adjourned to yesterday, Friday 24, due to the failure of the police to file a counter affidavit, Seun has been granted 5Million bail from Federal High Court, Ikoyi.

Justice Oluremi Oguntoyinbo who presided over the case ruled Mr. Seun should be granted bail once he meets bail requirements.

"Both accused should be granted bail of N5million with two sureties each in a sum of N2.5million. That is four sureties altogether. One of the sureties must be a civil servant who has attained level 16 while the other surety must be a land owner in any part of Lagos metropolis.". 

"The landowner must submit Certificate of Ownership of the landed property and while the civil servant must submit his international passport to the court. The four sureties must swear to an affidavit while the house and office addresses and telephone number will be verified by the court," she added.