However, the Nigeria Police Force has opposed the application, insisting that the bail conditions imposed by the court are reasonable and should not be varied.
Businessman Peter Shikaan, who is facing prosecution over the alleged fraudulent diversion of N37.71 million meant for the purchase of soya beans, has asked the Federal High Court in Abuja to relax the stringent conditions attached to his bail, arguing that they are impossible for him to meet because he resides and conducts his business in Makurdi, Benue State.
However, the Nigeria Police Force has opposed the application, insisting that the bail conditions imposed by the court are reasonable and should not be varied.
Shikaan is standing trial alongside his firm, Peca Global Resources Limited, in Charge No. FHC/ABJ/CR/477/2025 on allegations bordering on obtaining money by false pretence, money laundering, criminal breach of trust and dishonest misappropriation.
It was learnt that Shikaan was arrested by the Benue State Police Command over a contract to supply soybeans.
