THE Former Chairman of the defunct Pension Reform Task Team (PRTT), AbdulRashid Maina has been granted bail of one billion naira by a Federal High Court sitting in Abuja on Monday.
The sitting Judge on the case Okon Abang granted a one billion naira bail to the former Chairman with two sureties in like of the sum.
He added that both sureties must be serving Senators of the Federal Republic Of Nigeria and must not have any criminal case pending before the court.
According to the court ruling, the sureties must provide to the court, a 3-years tax clearance certificates and must appear alongside Maina at all further court rulings on the case.
Abang ordered that both sureties must own fully developed landed property either in Maitama or Asokoro district of Abuja.
The judge said that the sureties must file an affidavit to show they can pay the penance sum of one billion naira.
Maina who was reported to have arrived Court 6 of the Federal High Court, Abuja in support of a walking stick is currently facing charges by the Economic Financial Crime Commission (EFCC) for allegedly looting billions of Naira while he served as the PRTT Chairman.
He was arrested by the Department of State Services (DSS) on the request of the EFCC at Pennsylvania Avenue Hotel, Utako in Abuja together with his son Faisal Maina who will remain in custody pending his bail application which is set to be heard on Friday, November 29.
The ICIR had reported that Faisal, a final year student at the Canadian University of Dubai attempted to evade arrest and in the process pulled out a gun and shot at an operative before he was demobilised.
According to Channels TV, Faisal is being charged for allegedly shooting at security operatives in a bid to evade arrest.
Lukman Abolade is an Investigative reporter with The ICIR. Reach out to him via [email protected], on twitter @AboladeLAA and FB @Correction94