A High Court in the Federal Capital Territory, Apo, has granted bail to former Minister of Power and Steel, Olu Agunloye, accused of complicity in a $6 billion contract fraud.
The court set the bail amount at N50 million with two reputable sureties owning landed properties worth N300 million within the FCT. The trial judge emphasized the need for verifiable Certificates of Occupancy and required the sureties to submit identity card copies and photocopies of their international passports.
Agunloye, who pleaded not guilty, will also surrender his international passport and remain available throughout the trial. The full hearing is scheduled for February 12.