The Federal High Court in Abuja has granted N600 million bail to the former Chairman of the Peoples Democratic Party (PDP) Dr Halir...
The Federal High Court in Abuja has granted N600 million bail to the former Chairman of the Peoples Democratic Party (PDP) Dr Haliru Bello and his son, Abba following their trial on money laundering charges.
The judgment was given today, January 7, 2015, by JusticeAhmed Mohammed.
Both suspects were ordered to pay N300million each and produce two sureties each, in like sum.
The court also told the former PDP Chairman and his son to submit their passports to the court.
The Bellos have been accused of committing fraud to the tune of N300million by the Economic and Financial Crimes Commission (EFCC).
They were arrested in connection with the ongoing investigation of the $2 billion arms deal fraud which was allegedly spearheaded by former National Security Adviser (NSA), Sambo Dasuki.
Dasuki is at the center of a massive money laundering investigation and is alleged to have supervised the looting of the funds which were meant for the procurement of arms for Nigeria's military.
He was arrested by the Department of State Services (DSS) on December 1, 2015 and handed over to the EFCC the day after.
The former NSA is reported to have implicated several prominent persons in the deal including former governors, ex-ministers and members of the PDP.
Dasuki’s lawyer however denied the report that his client had become an informant while the former NSA said that ex-President, Goodluck Jonathan was aware of the transactions he had made.
Jonathan has however denied authorizing the release of the stated funds despite the former NSA’s claim that he got the necessary presidential approval for the transactions.
Dasuki was released on bail from Kuje Prison in December 2015 but was soon re-arrested by the DSS.
