Court reserves ruling on bail application of ex-NRC finance director in ₦2.04bn money laundering case

Justice Olubunmi Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, has reserved ruling on the bail application filed by a former Director of Finance of the Nigerian Railway Corporation (NRC), Felix Njoku, who is standing trial over an alleged ₦2.04 billion money laundering case.

The court fixed June 2, 2026, for ruling on the application.

At the resumed hearing on Monday, counsel to the first defendant, Mordecai Adejo, informed the court that he had filed a motion for bail dated February 3, 2026.

According to him, the application was supported by a four-paragraph affidavit and a written address, which he adopted before the court as the basis for seeking bail for his client.

The case is part of an ongoing trial involving staff of the Nigerian Railway Corporation over the alleged laundering of ₦2.04 billion.

Justice Abike-Fadipe subsequently adjourned the matter until June 2, 2026, for ruling on the bail application.