A Federal High Court sitting in Lagos has granted the former Minsiter of Aviation, Mr. Femi Fani-Kayode bail in the sum of N250 million.
The Judge, Justice Muslim Hassan also released on bail in same sum to Fani-Kayode’s co-defendants, Nenadi Usman, former Finance Minister and Danjuma Yusuf.
The accused were last week arraigned before Justice Hassan on 17 counts bothering on conspiracy, unlawful retention of proceeds of theft and money laundering.
The case has been adjourned till the nineteenth of october nineteen for commencement of trial.
They were also asked to produce two sureties each who have landed property within the court jurisdiction while the defendants must submit their travel passport with the court.