Sarumi Babafemi popularly known ‘606’, the Managing Director and Chief Executive Officer of 606 Autos Limited was granted a granted N50 million bail yesterday by the Federal High Court in Lagos.
‘606’ as he is popular called, is suspected of being an agent to some of the 77 Nigerians indicted for cybercrime in the United States (U.S.A), following a Federal Bureau of Investigation (FBI) operation.
He was remanded last Friday by Justice Chukwujeku Aneke after he and his firms – 606 Autos Limited; 606 Music Limited and Splash Off Entertainment Limited – pleaded not guilty to a five-count charge of money laundering preferred against them by the Economic and Financial Crimes Commission (EFCC).
His counsel, Dr Muiz Banire (SAN), applied for his bail. Delivering ruling on the bail application yesterday, Justice Aneke admitted Babafemi to bail for N50 million with one surety in like sum, among other terms. The judge adjourned till January 22 and 23, for trial.