The immediate-past Secretary to the Government of the Federation (SGF), Babachir Lawal and three other persons arraigned with him have been granted bail in the sum of N50 million each.
They were arraigned on Tuesday on a 10-count charge bothering on conspiracy and fraud to the tune of N544million before an FCT High Court in Maitama.
Others arraigned along with him are Hamidu David Lawal, Suleiman Abubakar, Apeh John Monday and two companies, Rholavision Engineering Ltd and Josmon Technologies Ltd.
Ruling on their bail applications on Wednesday, the trial judge, Justice Jude Okeke held that Section 162 (a-f) of the Administration of Criminal Justice Act (ACJA) permitted the court to grant bail except in certain circumstances, adding that it was the contemplation of the Section that the prosecution had to prove that a bail applicant should not be granted bail.
Justice Okeke, therefore, granted bail to each of the four defendants in the sum of N50million with one surety in like sum each.
The judge ordered that each of the sureties must be resident of Abuja and must show the number of their residential address to Registrar of the court.
The surety, he added, must own landed property in the Federal Capital Territory with titled documents, the original copy of which must be deposited with the court, and also show evidence of tax payment in the last three years.
The judge further ordered each of the defendants to deposit their international passports with the court.
He then directed that pending the fulfilment of the bail conditions, the defendants should be remanded in EFCC custody.
The judge thereafter adjourned the case till March 18 for commencement of trial.
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