A Federal High Court has grants former Aviation Minister, Femi Fani-Kayode, N250 million bail. In Lagos, On Monday.
The judge also granted bail in the same sum to Mr. Fani-Kayode’s co-defendants, Nenadi Usman, former Finance Minister; and Danjuma Yusuf.
Mr. Hassan also stated that each of the defendants must provide two sureties who own landed properties within the court’s jurisdiction, as well as deposit their travel passports with the court.
The sureties must have landed property within the jurisdiction of the court and deposit their Title Documents with the Chief Registrar of the court.
The Title Documents shall be verified by the EFCC within seven days. The sureties shall also file affidavit of means and deposit their International passport with the court.
The Economic and Financial Crimes Commission had last Tuesday arraigned Mr. Fani-Kayode former Minister Nenadi Usman alongside Danjuma Yusuf and Jointrust Dimensions Nigeria Limited before Justice Hassan on a 17-count charge bordering on conspiracy, stealing, corruption and making cash payments exceeding the amount authorized by law.
The accused persons are accused of diverting about N4.9 billion belonging to the Federal Government of Nigeria for political and personal uses.
He adjourned till October 19, 20, and 21, for trial.