An FCT High Court in Maitama, Abuja has granted bail in the sum of N500 million to Yahaya Bello, the former governor of Kogi State.
In her ruling on Thursday, Justice Maryann Anenih directed Bello to provide three sureties with landed properties in high-brow areas of Abuja as part of the bail conditions.
The court also ordered Bello to surrender his travel documents and barred him from leaving the country without permission.
Bello is currently facing trial over alleged involvement in a N110 billion fraud.
The Economic and Financial Crimes Commission (EFCC) filed 16 counts against him and two former officials of the Kogi State Government.
The EFCC alleged that the former governor misused state funds to acquire property, including No. 35 Danube Street, Maitama District, Abuja (N950 million), No. 1160 Cadastral Zone C03, Gwarimpa II District, Abuja (N100 million), and No. 2 Justice Chukwudifu Oputa Street, Asokoro, Abuja (N920 million).
Other property the defendants allegedly acquired with funds stolen from the Kogi State treasury include Block D Manzini Street, Wuse Zone 4, Abuja (N170 million), Hotel Apartment Community: Burj Khalifa, Dubai (five million, six hundred and ninety-eight thousand, eight hundred and eighty-eight dirhams), Block 18, Gwelo Street, Wuse Zone 4, Abuja (N60 million) and No. 9 Benghazi Street, Wuse Zone 4, Abuja (N310.4 million).
Likewise, the defendants were accused of transferring $570,330 and $556,265 to TD Bank, USA and possessing unlawfully obtained property including N677.8 million from Bespoque Business Solution Limited.
A Federal High Court in Abuja earlier granted Bello bail in the sum of N500m with two sureties in relation to a 19-count charge that borders on alleged N80.2billion fraud.
