A Federal High Court in Lagos has granted bail in the sum
of N250m to Chief Femi Fani-Kayode, who is being tried by EFCC for an alleged
fraud of N4.9bn.
Justice Muslim Hassan granted the bail with two sureties
in like sum and ordered Fani-Kayode to deposit his passport in the custody of
the court pending the outcome of the case.
The court said, the sureties must be owners of landed
properties within the court’s jurisdiction. They were also to present evidence
of tax clearance in the state.
Also admitted to bail in the same conditions were a
former Minister of State for Finance, Nemandi Usman, and one Danjuma Yusuf, who
are standing trial along with Fani-Kayode. Joined as the 4th defendant in the
charge was a company, Joint Trust Dimension Nigeria Limited.
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