On Friday, July 12, the former minister of power, Saleh Mamman, who was remanded in prison custody over his alleged complicity in a N33 billion fraud, secured bail from the Federal High Court, Abuja division.
TheNGblog reported that Mamman, who served as the minister of power under ex-president Muhammadu Buhari, was standing trial on a 12-count charge of money laundering offences.
In a lead judgement delivered by Justice James Omotosho, the court granted the defendant, Mamman, bail of N10 billion with two sureties in the like sum, Vanguard reported.
According to the report, the court held that the sureties must be owners of landed properties within the Federal Capital Territory (FCT), Abuja, with a minimum valuation of N750 million.
It ordered the sureties to 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.
Furthermore, the trial judge ordered the defendant to surrender his international passport to the court’s registrar.
As reported by The Punch, the judge held that the registrar must verify all the documents before the defendant is released from custody.
In the alternative, the court said the sureties could submit a bank guarantee or bond in the sum of N10 billion.
Interestingly, the court also held that the defendant should remain in prison custody, pending the perfection of all the bail conditions.
The case was subsequently adjourned until September 25 for hearing.
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