Isabella Mimie Oshodin, who was arraigned by the Economic and
Financial Crimes Commission (EFCC) over a N2.9 billion fraud, has been
granted bail in the sum of N250 million.
Justice Taiwo Taiwo, sitting at the Federal High Court in Abuja,
granted Oshodin bail following the hearing of her bail application.
Oshodin was arraigned alongside her company, Bob Oshodin Organisation
Limited on Monday, August 19, 2019, on a 25-count charge bordering on
money laundering and conspiracy.
The commission alleged that she monies from Sambo Dasuki, through the
office of the National Security Agency (NSA).
Ruling on the application, Justice Taiwo granted her bail in the sum
of N250 million with two sureties in like sum.
He said one of the sureties must own a property worth N500 million in
Asokoro or Maitama areas of Abuja and must submit the documents to the
chief registrar of the court.
The court also ordered her to deposit her passport and should not
travel outside of the country.
She was also ordered to report once a month at the EFCC until the
final determination of the suit.
Pending fulfilment of the bail conditions, the trial judge ordered
that she should be remanded in EFCC's custody “who shall attend to her
health conditions, and if need be, take her to the National Medical
Centre if the medical facility of the EFCC is inadequate to treat
The case has been adjourned to October 15, 16, 17 and 22, 2019 for the commencement of trial.