Two Chinese nationals, Tao Shen, 36, and Jing Yan, 22, who are accused of importing fake and substandard tyres into Nigeria have been granted bail by the Federal High Court in Lagos.
They were granted bail of N10 million each with two sureties in like sum alongside a Nigerian co-accused, Chinedu Madubuike.
The two companies also charged in connection with the three, Sino Nigeria Import and Export Limited and Nedeca International Limited, were ordered to deposit N10 million each.
According to the prosecution, the accused persons committed the offence in February when the Chinese nationals were arrested by the Standards Organisation of Nigeria (SON) for importing tyres worth over N5 billion into the country, knowing same to be below Nigerian industrial standards and injurious to human lives.
Justice Mojisola Olatoregun, who ordered that the accused’s international passports be deposited with the court registrar, fixed May 21 for commencement of trial.
The accused were alleged to have failed to furnish returns on the conditions of the imported tyres as required by law.
The offences are said to have contravened the provisions of Sections 320 and 510 of the Criminal Code Act, Cap C38, Laws of the Federation, 2004.
They are also said to have contravened the provisions of Sections 26 and 32 of the Standards Organisation of Nigeria (SON) Act, No 14, Laws of the Federation, 2004.
The seizures are said to be the highest of such nature ever made in the country.