The Supreme Court on Thursday granted bail to the tune of N4m to a former member of the Kogi State House of Assembly , Gabriel Daudu, who had been convicted by a Federal High Court in Kogi for an alleged N 1.4bn fraud .
He was found guilty of 77 out of 208 counts and consequently sentenced to two years on each of the counts . The sentence was to run concurrently .
The convict, who is also a former Caretaker Chairman of Ogori /Magongo Local Government Area of Kogi State , had approached the Court of Appeal to upturn his conviction but the appellate court on March 1, 2017, threw it out .
He therefore approached the apex court to upturn his conviction.
The lawyer and relative of the convict, Joseph Daudu ( SAN) , who is also a former President of the Nigerian Bar Association , asked the court to grant his client bail on liberal terms .
However, the counsel for the Economic and Financial Crimes Commission, Mr . Wahab Shittu, opposed the application .
After due consideration of arguments, the Supreme Court admitted Daudu to bail with two sureties in the sum of N 2m each .
The sureties must have land property and must be resident in the FCT.
Duadu, who is currently serving his prison sentence in Koton-Karfe is expected to complete the sentence in August.