THE Economic and Financial Crime Commission has said it will immediately appeal the ruling of a Federal Capital Territory High Court which on Thursday granted bail to Abiodun Agbele, an ally of the Ekiti State Governor, Ayo Fayose.
Agbele is being investigated by the EFFC for a range of alleged criminal infractions bordering on fraud and money laundering.
Justice Olukayode Adeniyi in a ruling which the Commission described as “shocking”, offered bail to Agbele and ordered the EFCC to pay the suspect N5 million as compensation for unlawful detention.
Adeniyi said the failure of the EFCC to charge Agbele to court, since his arrest on June 27, amounted to an abuse of his fundamental rights.
But the Commission described Justice Adeniyi’s conclusion as “curious” against the background of the information presented to the court, which included the fact that the suspect is being held with valid remand warrants issued by competent courts.
The EFCC, however, said it is filing a motion for a stay of execution of the ruling.
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