The applicant, facing extradition to the United States for an $8.8 million fraud, applied for judicial interim release.
He was already on bail for domestic charges involving $200,000.
The court found that the proposed sureties and financial pledges were insufficient given the magnitude of the U.S. charges, the applicant's sale of his Canadian home, his ownership of property in Nigeria, and the nature of the charges which included identity theft and association with passport forgers.
The application was denied without prejudice to re-apply with stricter conditions and more substantial financial terms.