An Abuja Federal High Court on Monday granted the convicted pension thief, Mr. John Yusuf, bail in the sum of N10m.
The Economic and Financial Crimes
Commission dragged him before the court on January 30 over fresh four
counts of non-disclosure of assets.
Yusuf, who, on January 28, 2013, was
fined N750, 000 for conniving with others to defraud the Police Pension
Office of N27.2bn, had been in custody since his arraignment.
The ruling on the bail application,
initially fixed for March 11, 2013, was cancelled following the strike
embarked upon by the Judiciary Staff Union of Nigeria.
However, Justice Adamu Bello, who
granted Yusuf bail on Monday, noted that the court would impose
conditions that would make it difficult for the pension thief to jump
bail.
He therefore granted him bail in the sum of N10m and a “reliable” surety in like sum.
The court ordered that the surety must be a public servant, who is not below the rank of a director.
The surety must also have a landed
property in the Federal Capital Territory, and the said property must
not be less than the bail sum.