Abuja - A Federal High Court in Abuja has granted bail to the cousin of the former President, Goodluck Jonathan, Robert Azibaola, reports NewsDay.
In his ruling on Wednesday, Justice Nnamdi Dimgba granted Azibaola bail of N500 million.
Azibaola and his wife Stella are facing seven charges of money laundering, criminal breach of trust and corruption brought against them by the Economic and Financial Crimes Commission (EFCC).
Also read: Court remands Jonathan’s cousin in Kuje Prison
The couple is alleged to have diverted $40 million in cash meant to supply tactical communications kit to Nigerian special forces.
The money was said to have been transferred from the account of the office of the national security advisor with the Central Bank of Nigeria (CBN) to One Plus Holdings' company account.
Ruling on, Azibaola's bail application, Justice Dimgba said the applicant must also provide two sureties who are owners of properties in Abuja, Nigeria’s capital city.
He stated that the sureties must also show evidence of having paid tax for at least a minimum of three years.
The judge according to News24 had earlier granted Stella bail.
The judge ruled that Stella could continue to enjoy the administrative bail earlier granted her by the Economic and Financial Crimes Commission (EFCC).
- News 24