Monday, 4 July 2016

Alas! Court grants Fani Kayode bail at N250million

A Federal High Court in Lagos has granted a N250 million bail to former Aviation Minister, Femi Fani-Kayode, who is facing corruption trial before Justice Muslim Hassan. 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. He adjourned till October 19, 20, and 21, for trial.

The accused persons are accused of diverting about N4.9 billion belonging to the Federal Government of Nigeria for political and personal uses.
They pleaded not guilty to the charges.

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