A Federal High Court sitting in Abuja on Friday granted bail in the sum of N10 billion to the former minister of power Saleh Mamman.
The ex-minister is alleged to have laundered N33 billion. He pleaded not guilty to the 12-count money laundering charge filed against him by the Economic and Financial Crimes Commission (EFCC).
In his ruling, Justice James Omotosho said the defendant is also to present two sureties in like sum.
According to the judge, the sureties must be owners of landed property within the Federal Capital Territory, with a minimum valuation of N750 million.
Justice Omotosho also ordered that the sureties will submit three-year tax clearance certificates and depose to an affidavit of means, adding that both the defendant and the sureties must submit certified copies of their bank statements with their recent passport photographs.
Also, the judge ordered the defendant to surrender his passport to the registrar of the court.
He ruled that the registrar must verify all the documents before the defendant is released from custody.
In the alternative, the court said the sureties could submit a bank guarantee or bond in the sum of N10 billion.
The judge said the defendant should remain in Kuje correctional facility pending the perfection of the bail conditions.
The case was subsequently adjourned until September 25 for hearing.
The court had on Thursday remanded Mamman in the correctional facility.
Mamman was minister during the administration of President Muhammadu Buhari from 2019 to 2021.
On September 1, 2021, Buhari sacked Mamman and the then minister of agriculture and rural development, Sabo Nanono, in what was called a cabinet restructuring.
Mamman is accused of conspiring with staff of the ministry in charge of the accounts of the Zungeru and Mambilla Hydro Electric Power projects to divert billions of naira.
