Justice Nnamdi Dimgba of an Abuja Federal High Court on Wednesday granted the cousin to former President, Goodluck Jonathan, Mr Roberts Azibaola and his wife Stella, bail in the sum of N500m.
The Judge in his ruling ordered the couple to provide two sureties who must own land property in Abuja.
He held that the couple should be held in prison until they meet their bail conditions.
The Economic and Financial Crimes Commission ( EFCC) had arraigned Azibaola alongside his wife on a six count charge bordering on fraud and money laundering for allegedly diverting the sum of $40m
EFCC claimed that the couple used their company, Oneplus Holdings to divert the sum of $40m which they allegedly received from the embattled former National Security Adviser, Sambo Dasuki(rtd).
Justice Dimgba who had yesterday remanded Azibaola in Kuje prison pending the determination of his bail application, on Wednesday, said the accused person was entitled to bail because he had not been proved guilty.
Also, the couple had pleaded not guilty to the charges when they were read to them.
