Former Aviation Minister, Femi Fani-Kayode, has been granted bail in the sum of N50 million and one surety in like sum, by a Federal High Court sitting in Abuja.
The courts said that the surety must be resident in Abuja and own a landed property in the capital city. The former minister is to submit his passport and other travel documents to the court.
The presiding judge, Justice John Tsoho, however directed that Mr. Fani-Kayode be remanded in Kuje Prison until he meets the conditions of his bail application.
It would be recalled that FFK, was re-arrested on Friday, October 21 by operatives of the anti-graft agency, as he left the Federal High Court premises in Lagos. He had visited the court for a continuation of his trial on fraud charges brought against him by the EFCC.
Mr. Fani-Kayode was initially arrested in May after being accused of money laundering by the EFCC, to the tune of N4.9 billion.
He was later released in July after spending more than two months in detention. He was then re-arraigned on fresh charges bordering on corruption, criminal breach of trust and diversion of funds, which he has pleaded not guilty to.
After his re-arrest on October 20, the Special Assistant to the former minister on Media, Jude Ndukwe, raised an alarm that the former minister had slumped in the custody the anti-graft agency, adding that but for the quick response of the medical team, the story would have been different.
Ndukwe said Mr. Fani-Kayode’s health condition had been communicated to the EFCC, and blasted the commission for re-arresting him.
Femi Fani-Kayode, had also served as the director of media and publicity for the Goodluck Jonathan presidential election campaign team in 2015.