Justice Olubunmi Abike-Fadipe of the Special Offences Court sitting in Ikeja, Lagos, has reserved ruling on the bail application filed by Felix Njoku, a former Director of Finance at the Nigerian Railway Corporation (NRC), over an alleged ₦2.04 billion money laundering case.
The judge adjourned the matter till June 2, 2026, following proceedings held on Monday.
Njoku is among officials standing trial in connection with the alleged multi-billion-naira fraud involving staff of the NRC.
During the resumed hearing, counsel to the first defendant, Mordecai Adejo, informed the court that he had filed a motion for bail dated February 3, 2026.
The application, supported by a four-paragraph affidavit and written address, was adopted by the defence counsel as part of arguments urging the court to grant bail to the former finance director.
The case forms part of ongoing anti-corruption prosecutions targeting alleged financial misconduct within public institutions.
Further proceedings are expected to continue after the court delivers its ruling on the bail request next month.
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