Justice Olubunmi Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, has postponed ruling on the bail application filed by one of the defendants standing trial in the alleged ₦2.04 billion money laundering case involving officials of the Nigerian Railway Corporation (NRC).
The judge adjourned the matter until June 2, 2026, after hearing arguments from counsel representing the first defendant, Felix Njoku, a former Director of Finance at the NRC.
During Monday’s proceedings, Njoku’s lawyer, Mordecai Adejo, informed the court that a bail application dated February 3, 2026, had already been submitted on behalf of his client. He explained that the application was backed by a four-paragraph affidavit and a written address, both of which were adopted before the court as part of the defence argument.
The case, which centres on allegations of financial misconduct and money laundering amounting to ₦2.04 billion, has continued to attract attention due to the high-profile nature of the defendants and the scale of the alleged fraud.
Following submissions by the defence counsel, Justice Abike-Fadipe announced that the court would deliver its ruling on the bail request at the next adjourned date.
