Bala Mohammed granted bail for N500million
*Will remain in prison until he meets bail conditions
Former FCT Minister, Senator Bala Mohammed on Friday was granted bail in the sum of N500 million by the Federal Capital Territory [FCT] High Court in Gudu.
The president judge, Justice A. M. Talba, admitted him on bail with two sureties in like sum.
One of the sureties must be a Senator and the other, a director in any of the federal government establishment.
Both sureties must have landed properties in the FCT with Certificates of Occupancy and must have evidence of tax clearance in last one year.
The defendant must deposit his international passport with the registrar of the court.
Arraigned on Wednesday, 10th May, Mohammed, while in office as minister, allegedly received N550 million as bribe from the Aso Savings and Loans Limited with respect to some properties in the Asokoro area of Abuja.
He is said to have corruptly used his position as Board Chairman of Aso Savings to undue advantage to himself by allocating four numbers fully detached duplexes and 11 numbers semi-detached duplexes valued at N314million through the Presidential Taskforce on sale of Governments houses.
Bala Mohammed is also accused of making false declaration of his assets. He, however, pleaded not guilty to the charge.
Justice Talba had after ruling on his bail fixed 4th July, 2017 for trial and ordered the defendant to be remanded in prison custody pending the fulfilment of his bail conditions. As at the time of filing our report he was yet to fulfil the terms of the bail.