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Justice Abubakar Talba of FCT High Court, Gudu, on Friday granted bail to a former Federal Capital Territory minister, Bala Mohammed, in the sum of N500million.
The court also ordered Mohammed to produce two sureties in like sum who must include: a serving senator and a director in the Federal Civil Service, with landed property in the FCT.
The sureties must possess certificate of occupancy to the said property, and evidence of payment of tax in the last three years.
The defendant was also ordered to deposit his international passport with the registrar of the court.
The bail conditions was determined and confirmed by the Economic and Financial Crimes Commission, EFCC prosecutor, Mr. Johnson Ojogeane and the defence counsel, Chief Chris Uche SAN.
The date for hearing was fixed on July 4.
Justice Talba had stood down the ruling for the bail for 30 minutes to give both counsel time to work out the bail conditions.
He said that he gave both counsel time to determine the bail conditions due to their arguments during the last adjourned date.
Talba said that the prosecution during the last adjourned date had asked for stringent bail conditions due to the gravity of the offence, while the defence had asked for bail on liberal terms.
“The applicant has placed before this court sufficient material to warrant his bail,’’ the judge noted.
He also said that bail is a human right issue, bound and protected by the constitution.
The ex-minister is facing a six-count charge bordering on false declaration of asset, abuse of office and graft to the tune of N864 million.