A Federal High Court in Lagos has granted former Minister of Aviation, Chief Femi Fani-Kayode and two other co-defendants, Senator Nenadi Usman and Mr. Yusuf Danjuma, bail for N250 million each with two sureties each in like sum.
The Economic and Financial Crimes Commission, EFCC, arraigned them on a 17-count charge of conspiracy, stealing, corruption and laundering of about N4.6billion.
Justice Muslim Hassan while granting them bail yesterday said that there was no basis for denying them bail since the alleged offences were a bailable.
Justice Hassan 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 show evidence of having landed properties in Lagos.
“The defendants and sureties must submit their international passports with the court’s registry.”
Justice Hassan also directed the EFCC to verify the bail terms within seven days.
He therefore adjourned till October 19, 20, and 21, for trial.
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Source:: Nigerian Pilot