Federal High Court in Abuja on Friday granted bail to the former Minister of Power, Saleh Mamman, in the amount of N10 billion.
Mamman is facing 12 counts of money laundering amounting to N33 billion, as charged by the Economic and Financial Crimes Commission.
In a ruling on Friday, Justice James Omotosho ordered Mamman to produce two sureties in like sum and must own properties in Abuja with a minimum value rate of N750m.
The court also held that sureties must submit certified land documents to the court with a three-year tax levy.
It ruled that the defendants shall submit bank statements and international passports to the court.
In the alternative, the court held that the defendant can produce a bank guarantee of the said amount and that if that is provided no surety is needed.
The court subsequently adjourned the case to September 25, 2024, for the commencement of the trial.
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