A Federal High Court sitting in Abuja on Monday granted bail to the former chairman of the defunct pension reform task team Mr. Abdulrasheed Maina in the sum of one billion naira with two sureties in like sum.
Both sureties must be serving Nigerian Senators with no criminal cases before the court.
Also, both sureties must have fully developed landed property in Maitama or Asokoro district of Abuja.
According to the court ruling on Monday, the sureties must also submit 3-years tax clearance certificates and must appear at all further court rulings with the 1st defendant.
The sureties must file an affidavit to show they can pay the penance sum.
The ex-pension reform boss, who is standing trial on alleged money laundering charge to the tune of over N2 billion preferred against him by the EFCC, had arrived at the Federal High Court, Abuja, with the aid of a walking stick.
The EFCC had on Oct. 25, arraigned Maina alongside his firm, Common Input Property and Investment Ltd, before Justice Abang.
