Justice Joyce Abdulmalik of the Federal High Court in Abuja has granted bail to former Attorney General of the Federation and Minister of Justice, Abubakar Malami, in the sum of N200 million pending his trial over an alleged N8.7 billion money laundering charge filed by the federal government.
Malami and his co-defendants were also directed to produce two sureties each in the same amount.
In her ruling on the bail application on Friday, Justice Abdulmalik stated that the sureties must possess developed landed properties in either Maitama or Asokoro.
The court directed that the property documents presented by the sureties must be verified by the Deputy Chief Registrar, while the sureties are also required to swear to an affidavit of means.
The three defendants were further ordered to submit their international passports to the court and are barred from travelling outside the country without prior approval from the court.
In addition, both the defendants and their sureties must deposit two recent passport photographs with the court.
Meanwhile, the court ordered that Malami and his son be remanded at Kuje Correctional Centre, while his wife is to be held at the Suleja Correctional Centre in Niger State pending the fulfilment of their bail conditions.