The Federal High Court in Abuja, on Friday, granted bail to Senator Ali Ndume.
Ndume who represents Borno South Senatorial District was remanded in prison custody five days ago over his failure to produce the former Chairman of the defunct Pension Reform Task Team, Abdulrasheed Maina, whom he stood surety for.
The erstwhile pension reform boss, Maina, is facing a 12-count charge alongside his firm, Common Input Properties & Investment Limited, over their alleged involvement in money laundering, to the tune of N2billion.
While granting the Ndume’s bail application, Justice Abang said the trial court was minded to release him on bail considering that “he has been of good behaviour and conduct”.
The judge though described the appeal filed before the Court to challenge Ndume’s remand, as “incompetent”.
The court, however, ordered him to deposit his International Passport to the Chief Registrar of the court pending the determination of his appeal.
Ndume must equally present one surety, who must be a respectable Abuja resident, an owner of landed property also in Abuja with evidence of ownership.
He is also to sign an undertaking that he would compile and transmit the record of proceedings to the Court of Appeal within 10 days.
