Connect with us

News

Court reduces Maina’s bail condition to N500m

Published

on

Justice Okon Abang of the Federal High Court in Abuja, on Tuesday, has reduced the bail conditions imposed on a former chairman of the defunct Pension Reform Task Team, Abdulrasheed Maina from N1billion to N500million.

The bail is in respect of Maina’s ongoing trial on corruption charges.

Maina, along with his firm, Common Input Property and Investment Limited, is standing trial on charges of money laundering involving N2bn of pension funds.

Following his bail application, which was opposed by the EFCC, the judge had on November 26, 2019 granted him bail in the sum of N1bn.

But Justice Okon Abang on Tuesday reduced the sum from N1bn to N500m.

The judge made the reduction in a ruling on Maina’s application for a review of the bail conditions granted by the court on November 26, 2019.

Also on Tuesday, the court varied the aspect of the earlier ruling requiring the defendant to produce as sureties two serving senators who owned landed assets worth N500m each in the highbrow Asokoro or Maitama, Abuja.

With the court’s ruling on Tuesday, the defendant will now have to provide only one serving senator with property worth N500m in either Asokoro, Maitama, Wuse II, Central Business District or Katampe, Abuja.

Maina had, through his application filed on December 6, 2019 and argued by his lawyer, Mr Afam Osigwe, on January 13, 2020, urged the court to vary the aspects of the conditions requiring him to provide two senators with properties worth a total of N1bn in Asokoro or Maitama, Abuja.

Ruling on the application, Justice Abang held that although Maina did not provide sufficient materials to warrant varying the bail conditions, he only reluctantly granted the defendant’s request in view of his changed conduct.

The judge held that he took a risk by granting bail to Maina in view of defence counsel’s failure to challenge the part of the Economic and Financial Crimes Commission’s counter-affidavit that the defendant could easily jump bail.

The judge said Maina’s legal team failed to challenge the “weighty allegations” that he was no longer a resident of Nigeria and that he easily sneaked into Nigeria from Dubai, his alleged new place of resident, through the Republic of Niger.

He however ruled, “I have watched the defendant at recent proceedings. I can see that he is now calm and has not interrupted proceedings again, unlike when he was arraigned. Maybe because he has now realised that the court is here to do justice.

“I reluctantly grant the application varying the bail conditions in accordance with my powers under Section 6(6)(b) of the Constitution.”

Click to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

News3 weeks ago

NYSC: N33,000 approved as Corps members’ new allowance

Nigerians should appreciate Buhari that bombing has reduced-- Femi Adesina
News3 weeks ago

Nigerians should appreciate Buhari that bombing has reduced– Femi Adesina

News3 weeks ago

Buhari condemn killing of 13 people in Plateau, charges security agents

News3 weeks ago

Buhari reacts to TY Danjuma’s comment, Osinbajo’s relationship

News3 weeks ago

How Kobe Bryant’s flew despite bad weather — Police

News3 weeks ago

Buhari can’t succeed with Femi Adesina, other liars around him – Omokri

News3 weeks ago

Amotekun not South-West’s plan to secede from Nigeria– Fayemi

2020 Grammy Awards: Full list of winners
News3 weeks ago

2020 Grammy Awards: Full list of winners

celebrity news3 weeks ago

Kobe Bryant and Wife agreed never to fly on same helicopter — Source

royal news5 days ago

He wanted to stick his staff of office into my eyes- Oluwo of Iwo speaks on why he attacked the Agbowu of Ogbagbaa

Metro3 weeks ago

Kobe Bryant: 9 bodies recovered from scene of helicopter crash

News3 weeks ago

Kobe Bryant: Wife Venessa’s first statement after husband, daughter died

News3 weeks ago

Queen Elizabeth’s Daughter-in-Law Sophie Wessex to “help out” as Meghan Markle, Prince Harry step down

News3 weeks ago

Fans demand Kobe Bryant’s image used as NBA new logo

Metro4 weeks ago

Why I rejected blood transfusion for my daughter — Dad

Entertainment3 weeks ago

Noollywood is a disgrace! as Veteran actor Ernest Asuzu turns beggar, battles stroke (video)

celebrity news3 weeks ago

Aisha Abimbola’s son speaks on being maltreated by Lola Alao (video)

News3 weeks ago

Femi Adesina is a sick man, sold his soul to devil– Fani-Kayode

music3 weeks ago

Naira Marley ft Ms Banks – Anywhere

Breaking news2 weeks ago

Buhari departs for AU summit in Addis Ababa

Lagos state records first case of Lassa fever
News10 hours ago

Lagos state records first case of Lassa fever

My husband paid my bride price in full , Nina gushes
Entertainment10 hours ago

My husband paid my bride price in full– Nina gushes

US visa ban on Nigerians not permanent -U.S Ambassador
News10 hours ago

US visa ban on Nigerians not permanent -U.S Ambassador

Border closure: Customs rakes in N6BILION DAILY
News10 hours ago

Border closure: Customs rakes in N6billion daily

Don't project your personal traumas and fears unto your daughters – Sophia Momodu writes young mothers
naija news11 hours ago

Don’t project your personal traumas and fears unto your daughters – Sophia Momodu writes young mothers

“We should thank Burnaboy for putting respect on our name internationally” – Uti
Entertainment11 hours ago

“We should thank Burnaboy for putting respect on our name internationally” – Uti

E-money gifts cars to his employees as he celebrate 39th birthday
Entertainment11 hours ago

E-money gifts cars to his employees as he celebrate 39th birthday

Politics11 hours ago

Speaker Bayelsa House of Assembly steps down

News11 hours ago

Buhari sacks Joy Nunieh as NDDC boss, appoints Kemebradikumo Pondei

celebrity news11 hours ago

“Wish I could disappear with my kid and never come back”– Davido’s secobd babymama shares disturbing post

Relationship11 hours ago

Don’t marry a man who has no job – Pastor Adeboye advises women

oseni
Entertainment12 hours ago

Nollywood actress Patience Oseni is dead

Iran Coronavirus
World News12 hours ago

Two cases of coronavirus confirmed in Iran

Teebills
celebrity news12 hours ago

“If I die today, you’re the only woman I know will take care of my children” Teebillz celebrates his ex, Maete

Anita Joseph marriage
celebrity news12 hours ago

Newlywed Anita Joseph prays for her husband and see how he replied

Prince Harry and Meghan markle
Lifestyle12 hours ago

Prince Harry and Meghan Markle’s royal title being reviewed

Sacking service chiefs is threat to national unity — Presidency
News16 hours ago

Sacking service chiefs is threat to national unity — Presidency

News16 hours ago

Nigeria cannot sustain border closure on long term — MAN

Press Release17 hours ago

LEAH SHARIBU AND CHIBOCK GIRLS: PRESIDENT MUHAMMADU SHOULD FULFILL HIS PROMISE – CAN

celebrity news17 hours ago

‘I’ll honor you with the whole of me’ – Newly wedded Anita Joseph assures her husband, MC Fish

Receive NEWS for free

Enter your email address to subscribe to receive news updates

Join 11,713 other subscribers