A client called me earlier today to ask me about the legal implications of him standing in as guarantor for the bail of a friend who was arrested by the Economic and Financial Crimes Commission (EFCC) for money laundering, tax evasion, and other related offenses.

He is worried about making such a commitment of using his house as bail security and also depositing his international passport with the EFCC which are some of the requirements for standing as a guarantor or surety for the accused person and according to him, he is not quite close to the friend and cannot vouch that once he is granted bail he won’t try to flee the country.

Bail simply put is the temporary release of an accused person who is awaiting trial, sometimes on the condition that a sum of money or other properties is lodged to guarantee their appearance in court or always present themselves to the law enforcement agencies whenever they are called upon and that a person (or persons) stands as a guarantor for the accused person.

Sometimes, individuals get asked by friends, colleagues, and families to stand in as a guarantor or surety for their bail and some people do not really appreciate the legal implications of standing in as a guarantor or surety for an accused person.

Before you stand in as a guarantor or surety for an accused person, you need to ask yourself if you trust that the person you standing in for as a surety will not flee the country or abscond when granted bail or will he always be available whenever he’s called upon. If you are not sure about these then don’t do it because you will be putting yourself into a problem.

Know that a surety undertakes to provide security for the release of the accused and as well promises that the accused honors the terms of the bail agreement by appearing in court as required. This implies that if the accused person elopes or decides to jump bail, you as the guarantor will be held responsible and it’s either you provide the accused or you will be made to lose your guarantor’s sum or any other security you deposited, in some cases, you could be arrested or detained till the accused person presents himself.

So the professional legal advice on this is that you should only accept to stand as a surety or guarantor to an accused person when you are sure that the suspect will not jump bail or disappear because if the suspect absconds or “jumps bail” then you the surety forfeits the security you provided for the bail.

Good People, I just want to thank Fidelity Bank PLC for the support the bank has provided to our business. When a big bank likes you, confidence rises. Tekedia Institute thanks Fidelity Bank for your support.

Good People, it is Fidelity, it keeps its words. Bank with a bank that keeps its words so that it will keep supporting the Institute.  We wish Fidelity Bank open markets and more wins ahead.

Fidelity Bank has sponsored dozens and dozens to our programs and their staff come to our live sessions, co-learning with us. Thank you for supporting the local team.

From Tekedia today, if you open a Fidelity Bank account, you get a 50% discount to Tekedia Mini-MBA till week end (May 13, 2022 midnight in Lagos). That one is personally on me. I just want to see how to thank the Bank for showing so much support even though I do not know anyone there. Make Nigeria a Fidelity Bank nation

Africa’s largest indigenous hair- and body-care product company, Soulmate Industries, has been a great partner at Tekedia Institute. They make  Hair Condition Plus, African Herbal Hair Grow, Relaxer and other great brands you use daily. Without them, the barbering and hair salons will not be complete across many communities in West Africa.

Tekedia Institute appreciates this great company.  Yes, we are honoured for the opportunity to co-learn with a company with three decades of history, producing products which are sold in London, New York, Atlanta and other global cities. 

For those integrated to become global distributors of this Africa’s beauty powerhouse, click here for the brochure. Every look changes when one finds your Soulmate!

We thank the Champions for sending more than 300 staff to co-learn with Tekedia Institute. Thank you so much. Thank you.

Thank you for that magic where “every look changes when you find your Soulmate!”

Tekedia Institute has a mission “to discover, and make scholars noble, bright and useful”. We celebrated a graduation ceremony on Saturday.  My speech was titled “Travel to a Better Future.”  We have posted the video on our homepage at school.tekedia.com.

We have also started working on the next edition of Tekedia Mini-MBA which begins next month (June 6). Many new courses are coming. A Google executive is creating one on product design. This is amazing.

Join Tekedia Institute today