Supreme Court, on Friday, dismissed the judgment of the Court of Appeal in Lagos granting bail to a one-time Lagos socialite, Fred Ajudua,
in the alleged $1.04 million fraud trial.
The apex court in a unanimous judgment, ordered Ajudua to be remanded at the correctional centre.
Ajudua is standing trial in a case that began in 2005 for allegedly defrauding a Palestinian, Zad Abu Zalaf of $1,043,000.
The case was initially assigned to Morenike Obadina, a judge at the Lagos high court, but arraignment did not take place.
The case was later reassigned to Josephine Oyefeso, another judge, before it was reassigned again to Mojisola Dada.
Ajudua was finally arraigned on June 4, 2018.
At the arraignment in June 2018, the trial judge, Dada, denied Ajudua’s bail application due to the prolonged delay suffered by the case.
He approached the court of appeal in Lagos, which granted him bail on September 10, 2018.
But the Economic and Financial Crimes Commission, which is prosecuting the case, took the matter to the Supreme Court.
The apex court revoked the bail granted to Ajudua by the Appeal Court and ordered the reinstatement of the ruling of the lower court, which declined the bail application.
The Supreme Court directed that the Chief judge of Lagos State should reassign the case to Dada to continue the trial.
Recall that Ajudua had also been in court for allegedly defrauding a former chief of army staff, General Ishaya Bamaiyi, of about $8.39 million.
In 2003, Ajudua and his co-defendant were also arraigned over alleged fraud against two Dutch businessmen – Remy Cina and Pierre Vijgen. He was later discharged by the Ikeja High Court.
