The Federal High Court sitting in Abuja has admitted the chairman of the defunct Pension Reform Task Team, Abdulrashid Maina to bail in the sum of N1 billion.
Maina who arrived the court with the aid of a walking stick, is standing trial for alleged money laundering to the tune of N2 billion preferred against him by the Economic and Financial Crimes Commission, EFCC.
Justice Okon Abang asked Maina to produce two sureties who must be serving senators free from any criminal trial, be prepared for a N500 million bond each and must always be in court with the defendant at each adjourned date.
Justice Abang had, on November 21, fixed Monday for hearing on the bail application and for the continuation of Maina’s trial.
The judge accused the Nigerian Correctional Services of compounding the issue before the court by failing to produce a medical report on Maina’s health status days after the order to that effect was made. He pleaded not guilty to the 12-count charge and his trial is yet to make meaningful progress due to his failing