Pension scam: Ex-director granted bail

[TheNation]

 Respite finally came the way of a former director of the Pension Office and former Peoples Democratic Party (PDP) governorship aspirant in Kogi State, Dr. Sani Shuaibu, after he was granted bail by an Abuja high court court on Wednesday.

Shuaibu was arraigned before Justice Adamu Bello on Monday with four others over charges of fraud, conspiracy to commit fraud and concealing the illicit origin of N439 million stolen pension funds by the Economic and Financial Crimes Commission.

Others are: Badawulu Ventures Limited, Ebunu Attah Investment, Muha Millennium Motors Limited and Riba-ile Petroleum Limited.

The accused had earlier been arraigned with 32 others over a 136-count charge of corruption, abuse of office and theft.

Justice Adamu Bello of the Federal High Court, Abuja, granted him a N50 million bail with one surety in like sum.

The surety, the court said, must be a responsible citizen residing in Abuja with a property which worth must not be less than N50 million, also within the judicial division of the court.

The judge further said that the title documents of the property must also be verified and deposited with the registrar of the court, while the accused's international passport is to remain in the court's custody pending the final determination of the case.

Before adjourning the trial to July 19,  Justice Bello directed that Shuaibu must write a written undertaking not to harass or intimidate prosecution witnesses before or during trial.

 



TheNation