Cajetan Chike Muonagolu, a businessman, has been remanded in prison custody by Justice Saliu Saidu of the Federal High Court, Ikoyi, Lagos.
The court ordered that both sureties must deposit their passport photographs with the court while Muonagolu must deposit his international passport with the court Registrar.Arguing the bail application on Thursday, defence counsel Goke Olagunlehin, holding the brief of Chief Mike Ozekhome , urged the Court to grant his client bail.
They were accused of being in possession of 15,000 Cartons of adulterated Prime Plasma, Prime ATF and Stanley brand of engine oil which they present as being of quality.
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He probably made millions from it
He is a theif