Justice Olubunmi Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, has reserved ruling until June 2, 2026, on the bail application filed by a former Director of Finance of the Nigerian Railway Corporation (NRC), Felix Njoku, who is standing trial over an alleged ₦2.04 billion money laundering case.
At the resumed hearing on Monday, counsel to the first defendant, Mordecai Adejo, informed the court that he had filed a motion for bail dated February 3, 2026.
The application, according to the defence counsel, was supported by a four-paragraph affidavit and a written address, both of which he adopted as his submissions before the court.
Njoku is among staff members of the Nigerian Railway Corporation being prosecuted in connection with the alleged diversion and laundering of ₦2.04 billion.
Following arguments on the bail application, Justice Abike-Fadipe adjourned the matter until June 2, 2026, for ruling.
