An FCT High Court sitting in Maitama, Abuja has granted bail in the sum of N500 million to a former governor of Kogi State Yahaya Bello.
Ruling on Thursday, Justice Maryann Anenih ordered that the former governor is to provide three sureties in the like sum.
The sureties must be owners of landed property within the high brow areas of Abuja.
The court also directed Bello to surrender his travelling documents and that he should not leave the country without permission.
Bello is facing trial over his alleged complicity in a N110billion fraud.
The Economic and Financial Crimes Commission (EFCC) filed 16-count charges against him and two officials of the Kogi State Government.
The EFCC alleged that the former governor misused state funds to acquire property, including No. 35 Danube Street, Maitama District, Abuja (N950 million), No. 1160 Cadastral Zone C03, Gwarimpa II District, Abuja (N100 million), and No. 2 Justice Chukwudifu Oputa Street, Asokoro, Abuja (N920 million).
Other property the defendants allegedly acquired with funds stolen from the Kogi State treasury include Block D Manzini Street, Wuse Zone 4, Abuja (N170 million), Hotel Apartment Community: Burj Khalifa, Dubai (five million, six hundred and ninety-eight thousand, eight hundred and eighty-eight dirhams), Block 18, Gwelo Street, Wuse Zone 4, Abuja (N60 million) and No. 9 Benghazi Street, Wuse Zone 4, Abuja (N310.4 million).
Likewise, the defendants were accused of transferring $570,330 and $556,265 to TD Bank, USA and possessing unlawfully obtained property including N677.8 million from Bespoque Business Solution Limited.
A Federal High Court in Abuja earlier granted Bello bail in the sum of N500m with two sureties in relation to a 19-count charge that borders on alleged N80.2billion fraud.
