A magistrate's court judge granted the offender bail in the sum of N10 million and two sureties who will also pay the same amount, pending the resumption of the case.
Punch reports that the Chinese man, who lives at Akura Estate, off Adeniyi Jones Street in Ikeja, Lagos, is expected to face a charge of “unlawful exportation of wood”.
Mr. Ajakaye Iyiola, who is the persecutor in the case, said Zhu Jinxin committed the offence on November 16, 2015, at the Tin-Can Port, Lagos.
It goes against Section 64(1)(b) of the Customs and Excise Management Act, Cap C45, Law of the Federation, 2004.
Zhu Jinxin however pleaded not guilty to the charge.
In his ruling on the matter, Justice Rabiu Shagari said the suspect must provide two sureties who will also pay N10m to meet bail conditions.
The case has been adjourned to October 4, 2016, when trial shall begin.