Court Grants Babangida Aliyu Bail

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‎Court Grants Babangida Aliyu Bail
Bamidele Fashube, ABUJA, Nigeria. (GVE) – A Nigerian High Court   sitting in Minna, Niger State on Wednesday granted bail to the state’s former Gov. Babangida Aliyu in the sum of N150 million with two sureties in like sums.
Ruling on the bail application, the Judge, Justice Aliyu Mayaki held that the EFCC had not adduced concrete evidence to show that the defendants would interfere with justice, if granted bail.
He said that the defendants had no criminal antecedents, adding that they provided sufficient materials in support of their applications.
To this end, he said the first applicant is admitted to bail in the sum of N150 million with two sureties in like sum, who must be resident within the jurisdiction of the court.
He ruled that the sureties must also deposit Certificate of Occupancy (C of O)of landed property worth not less than N200 million, situated within the jurisdiction of the court.
Also, the second applicant is granted bail in the sum of N100 million and two sureties in like sum.
The sureties must deposit C of O of landed property worth not less than N150 million.
Aliyu was arraigned last Tuesday on a six-count charge alongside the Chief of Staff under his administration Umar Nasko.
The duo  were accused of conspiring and dishonestly converting for personal use, the sum belonging to Niger State Government.
According to the Economic and Financial Crimes Commission (EFCC), which is prosecuting the former officials, the misappropriated funds are ecological projects funds as well as money realised from the sale of 16 per cent shares of the state in the North-South Power Company.
The defendants, however, pleaded not guilty.
The judge adjourned the case until June 12 for hearing.
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