Federal High Court sitting in Abuja on Friday, granted the former Minister of Power, Mr. Saleh Mamman bail.
Gatekeepers News reports that Mamman was remanded in prison custody over his alleged complicity in a N33 billion fraud.
The presiding judge, Justice James Omotosho, in the court’s ruling, granted the defendant, who is answering a 12-count charge, bail to the tune of N10 billion with two sureties in the like sum.
The court ruled that the sureties must be owners of landed properties within Federal Capital Territory, FCT, Abuja, with a minimum valuation of N750 million.
It added that the sureties should submit their three-year tax clearance certificate and depose to an affidavit of means, adding that both the defendant and the sureties must submit certified copies of their bank statements with their recent passport photographs.
The presiding judge also ordered the defendant to surrender his international passport to the court registrar, adding that the registrar must verify all documents before Mamman is released from custody.
The court, however, gave the sureties an alternative of submitting a bank guarantee or bond in the sum of N10bn.
It held that the defendant should remain in prison custody, pending the perfection of all the bail conditions.
Subsequently, the case was adjourned until September 25 for a hearing.
