The Federal High Court in Abuja, has granted bail to Faisal Maina, son of Abdulrasheed Maina, in the sum of N60 million Naira.
This came barely 24 hours after the court granted bail to his father and former chairman of the defunct Pension Reform Task Team, in the sum of N500m with two sureties in like sum.
The judge said the surety must undertake to accompany the defendant to court at every proceedings till the end of the trial and that should the surety be absent in court without any justifiable reason, the bail shall be revoked.
He said the surety must produce a three-year tax clearance certificate and a Certificate of Occupancy (C of O) on the property.
“The Chief Registrar of this court shall ascertain the validity of the occupancy of the property,” Justice Abang said.
The judge ordered that the defendant’s American and Nigerian international passports be deposited with the court’s Chief Registrar.
He said the investigating police officer (IPO) should verify the information provided by the surety, who must also submit two recent passport photographs to the court.
Faisal, who is said to be a final-year university student in Dubai, was arraigned before the court on October 25, 2019, on a three-count charge of money laundering and related offences.
The judge has now adjourned hearing on the matter till Wednesday, November 27.