Osho was accused of diverting the said money, meant for constituency projects and awarded same to his personal companies.
According to a release by the Acting Head of Media and Publicity, Tony Orilade, the Deputy Director was arraigned alongside Midset Agro Services Limited, Just Fair Investment Limited, and Tufik Associates, companies he is signatories to.
Orilade said investigations into the matter revealed that no contracts were executed by the defendants.
He added that when he (Osho) was asked why the money was diverted into his account, Osho who equally owns Primary and Secondary School, Royal Field Academy in Ogun State, made available forged documents to mislead the commission into believing that the contract was actually awarded to his companies.
He pleaded not guilty.
In view of his plea, the prosecution counsel, E. E. Iheanacho, prayed the court for a trial date and for the defendant to be remanded in prison custody.
The defence counsel, Abah John Augustine, informed the court of their bail application, which was heard and the court granted him bail.
The defendant was granted bail in the sum of N100 million with two sureties in like sum.
The court further ruled that the sureties shall be residents in Abuja and one shall have a landed property within the Federal Capital Territory (FCT).
One of the sureties shall be a civil servant not below the rank of a Deputy Director; the sureties shall show evidence of tax payment.
The court also ruled that the defendant shall deposit his international passport with the registrar of the court and shall not travel outside the country without the permission of the court, obtained through a motion on notice.
The defendant was remanded in Kuje prison, pending the fulfilment of his bail conditions.
The matter was thereafter adjourned to February 1, 2019, for commencement of trial.
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