Maina: Court orders Ndume’s remand till sale of N500m bail guaranty property

Senator Ali Ndume has been remanded by the Federal High Court in Abuja on Monday over his inability to produce former Chairman of the defunct Pension Reformed Task Team, Abdulrasheed Maina, who has jumped bail in respect of his ongoing N2bn money laundering trial.

Justice Okon Abang ordered that the Borno South Senator who stood surety for the fleeing defendant in May 2020 would only be released from prison until he either produces Maina in court or sells off the N500m worth of property located in Asokoro, Abuja, which was used as the guarantee for the bail bond and tenders the evidence of the payment of the proceeds of the sale into the Federation Account.

The judge ordered that Ndume be remanded in Kuje prison pending when he meets the condition for release.


Discover more from LN247

Subscribe to get the latest posts sent to your email.

Advertisement

Most Popular This Week

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More from Author

Advertisement

Read Now

EFCC Summons 146 Christian Pilgrim Commission Officials Over Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) has launched an investigation into the Nigeria Christian Pilgrim Commission (NCPC) over alleged misappropriation of public funds. A reliable source within the EFCC disclosed that 146 NCPC staff members, including both active and retired personnel, have been summoned for questioning at...

Price Hike: Dangote Refinery Blames Global Oil Prices

Dangote Refinery has explained why it recently adjusted the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol from N899 to N955 per litre. Dangote Refinery announced the increase in price of petrol on 17 January. Explaining the reason for the hike, Anthony Echiejina, Head of Corporate...

Diezani Denies Link with Repatriated $52.8m Loot

Former Minister of Petroleum Resources, Diezani Alison-Madueke has distanced herself from the $52. 8m recently repatriated to Nigeria from the United States of America (USA). Contrary to reports, the ex-minister, who has been in the United Kingdom (UK) since she left Nigeria, said the money does not belong to...

Discover more from LN247

Subscribe now to keep reading and get access to the full archive.

Continue reading