An Abuja Federal High Court has admitted the chairman of the defunct pension reform task team Mr. Abdulrashid Maina to bail in the sum of N1 billion naira with two sureties in like sum.
Justice Okon Abang who granted Maina bail on Monday, said the sureties must be serving Nigerian Senators with no criminal cases before the court.
He said in addition, both sureties must be resident in Abuja and have fully developed landed property in Maitama or Asokoro district of the city.
The sureties must file an affidavit to show they can pay the bail sum.
Furthermore, Justice Abang ruled that the sureties must submit 3-years tax clearance certificates and must appear at all further court rulings with Maina.
He held that if any surety fails to show up for rulings, the court shall be at liberty to revoke bail and the defendant will be remanded accordingly.
Meanwhile, the defendant is to submit all his travel documents to the court.
The ex-pension reform boss, is standing trial for alleged money laundering to the tune of over N2 billion preferred against him by the Economic and Financial Crimes Commission, EFCC.
The commission had on Oct. 25, arraigned Maina alongside his firm, Common Input Property and Investment Ltd, before Justice Abang.