A Federal High Court in Abuja has granted bail to a former governor of Adamawa State, Ahmadu Fintiri in the sum of N500 million.
Fintiri was remanded in Kuje prison on Thursday following his arraignment by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering.
The EFCC accused him of defrauding the Adamawa government to the tune of N970 million and $4.8 million when he was the governor of the state for three months. Fintiri pleaded not guilty to the charge.
The judge rejected the claim of the prosecution counsel, Mr. peters Aso, who said that the accused would likely jump bail.
The judge held that the claim by prosecution did not hold water as the defendant did not jump the administrative bail granted him by the EFCC before his arraignment.
However, the presiding judge, Justice Ahmed Mohammed granted Fintiri a N500 million bail on Friday, ordering him to provide two sureties in like sum.
The sureties must have properties in any part of Abuja, and titled documents of the properties are to be submitted to the court registrar.
The bail conditions also require Fintri to submit his international passport to the court registrar.
