Justice A. O. Faaji on Thursday, based on the affidavit before him at the Federal High Court, Ibadan,  granted bail to five persons  involved in the Central Bank of Nigeria, Ibadan mutilated cash fraud.

They are Ademola  Adewale , sixth defendant in 32c; Kehinde  Fatokun, Olakunle Sijuade, fourth and fifth defendants respectively in 33c; Ajuwon Bolade and Samuel Ogbeide, fourth and fifth defendants in 34c.

Bail was granted the fourth and fifth defendants in 33c and 34c on the basis that it was a borderline case and in such cases the law rules in favour of the liberty of the citizen.

The bail was, however, subject to the following conditions: N20 million, provision of two sureties who must have property in Ibadan, two  recent passport photographs, three years tax clearance and they must report to the Economic and Financial Crimes Commission office in Abuja or if they have any in the state once every three weeks on a Monday.

The court in its wisdom, however, denied the following persons bail on the ground that the evidence against them is strong: Kolawole Babalola, Oyebaniyi Akeem, Ajiwe Sunday, Oni  Ademola Dolapo, Afolabi  Esther Ogunike, Ayodeji  Festus Adeyemi,  Ayodeji  Aleshe, Olaniran Muniru Adeola, Toogun Kayode  Philip and Isaac  Akano.

 The trial was adjourned to 26June, 10July, 24and 25 September 2015, for 34c, 33c and 34c respectively.