A Federal High Court sitting in Abuja on Monday granted bail to the former chairman of the defunct pension reform task team Mr. Abdulrasheed Maina in the sum of one billion naira with two sureties in like sum.
Okon Abang, a judge, granted him bail on compassionate grounds following an application by Ahmed Raji, his lawyer.
Both sureties must be serving Nigerian Senators with no criminal cases before the court.
Also, both sureties must have fully developed landed property in Maitama or Asokoro district of Abuja.
According to the court ruling on Monday, the sureties must also submit 3-years tax clearance certificates and must appear at all further court rulings with the 1st defendant.
The court also notes that the sureties must file an affidavit to show they can pay the penance sum.
It was also stipulated in the ruling that the residence of sureties must be in Abuja and will be confirmed by the court.
Trial Judge, Justice Okon Abang in his ruling stressed that if any surety does not show up for rulings, the court shall be at liberty to revoke bail and the defendant will be remanded accordingly.
He said the defendant is required to submit his American passport, Nigerian passport and diplomatic passport(if any).
The ex-pension reform boss, who is standing trial on alleged money laundering charge to the tune of over N2 billion preferred against him by the EFCC, had arrived at the Federal High Court, Abuja, with the aid of a walking stick.
