…defendant to remain in custody until he fulfills bail requirements
A former Minister of Power, Saleh Mamman, has been granted bail by a Federal High Court in Abuja in the amount of N10 billion.
Justice James Omotosho, in a ruling on Friday, July 12, instructed Mamman to provide two sureties in a similar amount.
Justice Omotosho specified that each surety must possess a landed property valued at N750 million within the court’s jurisdiction.
The judge said he needed not to produce sureties if he could provide a bank guarantee or bond to cover the N10b.
According to the judge, the sureties are to provide evidence of tax payment for three years, while the defendant is to deposit his travel passport with the court.
Read Also: Cardoso Optimistic about Nigeria’s economic future
The judge ordered that Mamman is to be further remanded in Kuje prison pe ding when he meets the bail conditions.
Mamman was arraigned on Thursday on a 12-count charge, in which he was among others, accused of laundering about N33.8billion.
In the charge marked: FHC/ABJ/CR/273/2024 filed by the Economic and Financial Crimes Commission (EFCC), the ex-Minister is also alleged to have acquired property, through proxies, with looted funds.
The prosecution is scheduled to commence trial on September 25.
