Former Aviation Minister, Femi Fani-Kayode, who is facing corruption trial before Justice Muslim Hassan of a Lagos High Court, has been granted bail, Monday.
He was admitted to bail to the sum of N250m.
The Judge also granted bail in the same sum to Nenadi Usman, former Finance Minister; and Danjuma Yusuf.
The defendants are to provide two sureties who own landed properties within the court’s jurisdiction, as well as deposit their international passports with the court.
Justice Hassan adjourned till October 19, 20, and 21, for trial.
The Economic and Financial Crimes Commission had last Tuesday arraigned Fani-Kayode, Usman, Yusuf and Jointrust Dimensions Nigeria Limited before Justice Hassan on a 17-count charge bordering on conspiracy, stealing, corruption and making cash payments exceeding the amount authorized by law.
They were accused of diverting about N4.9 billion belonging to the Federal Government of Nigeria for political and personal uses.
They had pleaded not guilty to the charge.