A TALL ORDER : Lagos Speaker Asked To Pay N1 Billion within 48 hours or go to prison – Judge tells Lagos Speaker

The Speaker of the Lagos State Assembly, Adeyemi Ikuforiji, and his Personal Assistant, Oyebode Alade Atoyebi have been re-arraigned on a 54 count charge involving money laundering allegations.
The charge borders on financial transactions committed by the two accused running into N518 million without the use of financial institutions and in violation of the Money Laundering Act.
They both pleaded not guilty to an amended 54-count charge and have been granted bail in the sum of N 1billion each. The court also made a bail condition for two sureties each in the sum of N 5million each.
However, failure to meet the bail conditions could see the Speaker and his aide cooling their heels in  jail.
Justice Ibrahim Buba of the Federal High Court, Lagos, on Monday denied Speaker, Lagos State House of Assembly, Adeyemi Ikuforiji, bail on self recognition.
Instead, he told the Speaker to either produce a N1 billion bail bond within 48 hours, or be held in prison pending the determination of the corruption case against him.

Ikuforiji was re-arraigned for alleged money laundering offence, alongside his aide, Oyebode Atoyebi, before Mr. Buba; after the former judge, Okechukwu Okeke, retired from the bench.
While the case was before Okeke, the Speaker had enjoyed the privilege of self recognition.
Ikuforiji has between now and Wednesday to tender the said bond or do some time in prison custody.