A Federal High Court in Lagos has granted bail in the sum of N250m to a former Minister of Aviation, Chief Femi Fani-Kayode, who is being tried by the Economic and Financial Crimes Commission for an alleged fraud of N4.9bn, Punch reported.

Justice Muslim Hassan granted the bail with two sureties in like sum and ordered Fani-Kayode to deposit his passport in the custody of the court pending the outcome of the case.

The sureties, the court said, must be owners of landed properties within the court’s jurisdiction.

They were also to present evidence of tax clearance in the state.

Also admitted to bail in the same conditions were a former Minister of State for Finance, Nemandi Usman, and one Danjuma Yusuf, who were standing trial along with Fani-Kayode. The court has adjourned the matter to 19 October, 2016. For more details visit Punch.

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Hi, I am Flora Ngo-Martins. I love writing and I am passionate about fashion, stories, news and food. Sometimes I get a little bit serious but that's alright, I can also be mischievous. I also like to analyse stuffs people do and sometimes judge.*wink* Most of all, I love to influence the lives of people positively and tell people's stories from a totally different perspective. Feel free to contact me if you have any suggestions or....

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