Mr. Saleh Mamman, the former Minister of Power, who was remanded in prison custody over his alleged complicity in a N33 billion fraud, on Friday, secured bail from the Federal High Court sitting in Abuja.
The court, in a ruling that was delivered by Justice James Omotosho, granted the defendant, who is answering a 12-count charge, bail to the tune of N10 billion with two sureties in the like sum.
It held that the sureties must be owners of landed properties within the Federal Capital Territory, FCT, Abuja, with a minimum valuation of N750 million.
Again, the court ordered the sureties to submit their three-year tax clearance certificate 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.
The trial judge ordered the defendant to surrender his international passport to the registrar of the court.
He held 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 N10bn.
It held that the defendant should remain in prison custody, pending the perfection of all the bail conditions.
The case was subsequently adjourned until September 25 for a hearing.
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