The Federal High Court in Abuja has granted former Minister of Power, Saleh Mamman, bail in the sum of N10 billion with two sureties, pending his trial in a N33 billion fraud case.
The ruling was delivered on Friday by Justice James Omotosho.
The conditions for Mamman’s release from prison custody are that the sureties must be owners of landed properties in Abuja, valued at at least N750 million, and submit their three-year tax clearance certificate and an affidavit of means.
Both Mamman and the sureties must also submit certified copies of their bank statements and recent passport photographs. The defendant’s international passport was ordered to be surrendered to the court’s registrar.
The court allowed for an alternative option of a bank guarantee or bond in the sum of N10 billion.
Mamman’s legal team, led by Femi Ate, SAN, had applied for bail on liberal terms, citing the defendant’s cooperation with the Economic and Financial Crimes Commission (EFCC) during his two-year administrative bail.
The EFCC, represented by A. O. Mohammed, did not oppose the bail request but sought conditions ensuring Mamman’s attendance at his trial.
Mamman, who served under former President Muhammadu Buhari, was arrested in 2021 and faces a 12-count charge for allegedly conspiring to divert N22 billion meant for power projects, acquiring assets both within and outside Nigeria.
The case was adjourned until September 25 for hearing.
