A Lagos State High Court sitting in Ikeja has granted Fuji musician Felix Osagie bail of N10m in a case involving an alleged N21.25m fraud.
Osagie was arraigned by the Economic and Financial Crimes Commission on Thursday before Justice Ismail Ijelu on a four-count charge bordering on stealing and obtaining money by false pretence.
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The EFCC alleged that the musician fraudulently converted N21.25m belonging to one Joseph Oguche in 2020.
When the charges were read to him, Osagie pleaded not guilty to all four counts.
Following his plea, the prosecution counsel, Lamido Ochuko, urged the court to adjourn the matter for trial and remand the defendant in a correctional facility.
However, defence counsel, Sunday Afolabi, told the court that he had filed a bail application dated November 4 and filed on November 5, 2026.
The application was supported by an 18-paragraph affidavit deposed to by Osagie’s wife.
Moving the application, Afolabi told the court that his client was diabetic and had become unable to walk because of his deteriorating health.
He also claimed that Osagie’s condition worsened while he was in EFCC custody and that he had been in and out of hospital since leaving the commission’s custody.
Opposing the application, Ochuko informed the court that the prosecution had filed a counter-affidavit dated November 10, 2026.
The prosecutor urged the judge to consider an allegation in paragraph six of the document that Osagie had been jumping bail since July 2026.
The EFCC also disclosed that it intended to call four witnesses during the trial.
In his ruling, Justice Ijelu admitted the defendant to bail in the sum of N10m, with two sureties in like sum.
The judge directed that the sureties must be blood relatives of the defendant and must have paid taxes to the Lagos State Government within the last three years.
They were also required to provide evidence of a verifiable source of income.
The court further ordered Osagie to surrender his international passport to the registrar and prohibited him from travelling outside Nigeria.
He was remanded in a correctional facility pending the fulfilment of the bail conditions.
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Justice Ijelu adjourned the case until December 16, 2026, for trial.
Peculiar Adirika is a journalist and contributor to Freelanews.com, covering news, business, and public affairs.
