So yesterday, I posted that Elrufi and Justice Crack were granted bail for the sum of 100 million and 5 million naira respectively, and most of you asked what bail money is usually meant for. Others also asked where the money goes to. So let me briefly explain how it works.
First, you need to understand that bail in Nigeria is a constitutionally guaranteed right that secures a suspect’s temporary release from custody pending further investigation or trial. The reason for granting bail to a suspect or a defendant standing trial is premised on the fact that the defendant may be innocent after all.
Under Section 36(5) of the Nigerian Constitution, an accused person is presumed innocent until proven guilty. So, bail is simply a measure that prevents a suspect from suffering unwarranted punishment, humiliation, and reputational damage for a crime they may not have committed.
Now, this is where many people get it wrong.
By law, bail is fundamentally free, and no court is expected to demand money before granting bail to a person standing trial. However, what the law provides for are cash security deposits and formal bail bonds by sureties to ensure attendance during trial.
What this simply means is that the law understands human nature. If a person is granted freedom without depositing something of value before the court, such a person might wake up one day and abscond because they have nothing to lose.
So what the court does is this: it may ask a person standing surety for the defendant to execute a bond, agreeing that if the person standing trial absconds, the surety will pay a certain amount already fixed by the court as punishment.
In some situations, the court may also order a cash deposit. That money serves as a form of security to guarantee that the defendant will continue appearing in court for trial.
So whenever you hear that a court or judge mandated a cash bond of a specific amount as part of bail conditions, the money is usually deposited into the designated account of the court’s registry for safekeeping. It acts as a financial guarantee for future appearances in court.
If, at the end of the day, the defendant attends all court proceedings diligently and the case is concluded, the money paid is refunded to the surety. That is the procedure.
End.
I am Ekene Aninze Esq.
Lateef Jakande built modern Lagos, he only spent 4 years in office.
- Introduced low cost housing.
- Free Education.
- Built Lagos TV (LTV) and Eko Fm.
- Built Lagos State University (LASU).
- He established Teacher Training College and the College of Education.
- He established the first State Traffic Management Authority (Road Marshals).
- He established small scale Industries Credit Scheme which preceded the EKO bank.
- His government raised the primary schools in Lagos State to 812 with 533,001 pupils (against 605 primary schools with 434,545 pupils he met in 1979) and secondary schools to 223 with 167,629 students (against 105 schools with 107,835 students in 1979
- Initiated the Lagos Metroline rail project to ease traffic congestion.
- Built numerous primary health centres in local communities.
- Introduced maternal and child care programs to reduce infant and maternal mortality.
There is a difference in both phones she talking about and the one VDM is also talking about
VDM is XR converted
Her own is China made which is android vision of the 17 series
Please try to no the difference please
Want to be financially free by 2036?
Start now.
— Cut unnecessary expenses
— Build multiple income streams
— Invest aggressively & consistently
— Own scalable assets
— Stay disciplined
Compound effort + time = freedom
Your future self will thank you.
Here’s how I would do it if I needed to,
🚀 Step-by-Step Plan to Financial Freedom by 2036
1. Define What Financial Freedom Means to You
•Is it passive income covering expenses?
•A specific net worth goal (e.g., $1M)?
•No debt and full ownership of assets?
2. Know Your Numbers
•Track current income, expenses, debts, and assets.
•Set a clear target (e.g., $10M in assets or ₦5M monthly passive income).
•Use a financial tracker or spreadsheet.
3. Build Multiple Streams of Income
•Primary Job/Business: Maximize your main source first.
•Side Hustles: Freelancing, consulting, content creation.
•Digital Assets: E-books, courses, affiliate marketing.
•Rental Income: Real estate or shortlets.
•Stock Dividends & Crypto Staking: Start small and compound.
4. Live Below Your Means
•Delay gratification.
•Avoid lifestyle inflation.
•Budget and set monthly savings/investment targets (20–50% of income if possible).
5. Invest Aggressively, Consistently and Smartly
•Stocks/ETFs: Dollar-cost average into strong assets.
•Real Estate: Income-generating property.
•Crypto: Allocate a % for long-term plays (e.g., BTC, ETH, and staking).
•Private Equity: Invest in small businesses or startups.
Compound interest and asset appreciation will do the heavy lifting over a decade.