The Federal High Court in Lagos has granted N20 million bail to Abdullahi Babalele, son-in-law of the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar.
Justice Nicholas Oweibo admitted Mr Babalele to bail on Thursday with one surety in like sum.
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The judge said the surety must be resident in Lagos and must produce evidence of means through an affidavit.
He also directed Atiku’s son-in-law to surrender his passport, which has been with the prosecution, with the court.
The Economic and Financial Crimes Commission (EFCC) arraigned Babalele on Wednesday over $140,000 allegedly laundered during the 2019 elections.
Babalele was arraigned alongside a long-time lawyer of Atiku, Uyiekpen Giwa-Osagie, and his brother Erhunse Giwa-Osagie, on a separate charge of laundering $2 million.
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They were all remanded in EFCC custody pending bail.
The court has begun hearing the Giwa-Osagies’ bail applications.
