Oil magnate Akintoye Akindele, CEO of Duport Midstream, remains in Kuje Correctional Center as court considers $5.6m fraud bail perfection.
Oil magnate Akintoye Akindele, CEO of Duport Midstream, is ordered to remain in Kuje Correctional Center in Abuja until March 20, as the court considers his bail perfection for $5.6m fraud allegations. He was granted N750m ($1.6m) bail on March 1 with conditions, including two sureties who own property within the jurisdiction. The court declined an oral application to transfer the case from Abuja to Lagos; a formal application is required.
March 15, 2024
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