Lagos – A Lagos High Court on Wednesday granted bail in the sum of N85 million to the Managing Director of Nadabo Energy Ltd., Abubakar Peters, charged with N1.5 billion oil subsidy fraud. The court held that the evidence before it showed that Peters reported himself to the court when he learnt that he had a case before it. “Bail is hereby granted to the defendant in the sum of N85 million and two sureties. The sureties must be resident in Lagos and possess three years’ tax clearance.
