Former governor of Niger State, Babangida Aliyu was on Monday granted bail by a Minna High Court on in the sum of N150 million.
The former governor was arraigned last week on a six-count charge of missapropriating about N4.568 billion states fund alongside his for Chief of Staff Umar Nasko, who was also the governorship candidate of the Peoples Democratic Party (PDP) in the 2015 governorship election in that state.
They were accused of conspiring and dishonestly converting for personal use, the sum belonging to state government.
The Economic and Financial Crimes Commission (EFCC), which arraigned them before the court, said that the misappropriated funds are ecological projects funds as well as money realised from the sale of 16 per cent shares of the state in the North-South Power Company.
Both men however pleaded not guilty to the charges.
In his ruling, Justice Aliyu Mayaki said: “The first applicant is admitted to bail in the sum of N150 million with two sureties in like sum, who must be resident within the jurisdiction of the court.
“The sureties must also deposit Certificate of Occupancy (C of O) of landed property worth not less than N200 million, situated within the jurisdiction of the court.
“The second applicant is granted bail in the sum of N100 million and two sureties in like sum.
“The sureties must deposit C of O of landed property worth not less than N150 million.”
The judge thereafter adjourned the case till June 12 for commencement of hearing.
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