Alleged N80.2bn Fraud: Court grants N500m bail to ex-Kogi Governor, Bello

The Federal High Court in Abuja has granted N500 million bail to former Governor of Kogi State, Yahaya Bello on Friday.

Justice Emeka Nwite who presided over the court session, ordered that Bello must produce two sureties in like sum.

He said the two sureties must swear to an affidavit of means and must own properties in Abuja.

The Court also said the title documents of the properties must be in Abuja, and be verified by the Deputy Chief Registrar of the court.

According to Justice Nwite, the ex-governor must deposit his international passport with the court, while he and his two sureties are also to deposit two recent passport photographs with the court.

He also ruled that Bello be remanded in the Kuje Correctional Center in Abuja pending the perfection of his bail conditions.

Meanwhile, Bello had pleaded not guilty to the alleged ₦80 billion fraud levelled against him by the Economic and Financial Crimes Commission (EFCC).