A Federal High Court in Abuja on Thursday granted a former Chief of Defence Staff, Air Chief Marshal, Alex Badeh (retd), bail in the sum of N2bn.
Justice Okon Abang, in his ruling, ordered that the bail is to be guaranteed by two sureties in the sum of N1bn each.
The two sureties were asked to depose affidavits of means declaring their capability to pay the bail sum in case they are called upon to do so and to submit two recent passport photographs each with the court.
The Judge ordered the ex-CDS to deposit both his blue and green passports with the court throughout the period of his trial, adding that his proposed sureties must also have landed assets in any part of Abuja and that the certificates of occupancy of the respective property must be submitted to the court.
He further directed the Chief Registrar of the court to verify in writing the value of the assets from the relevant department of the Federal Capital Territory Development Administration and the genuineness of their certificates of occupancy.
The EFCC was also ordered to verify the value of the landed assets of the sureties and the genuineness of their respective certificates of occupancy within 24 hours of being served with a notice by the Chief Registrar of the court.
Justice Abang had earlier dismissed the objection of the Economic and Financial Crimes Commission (EFCC), saying “The principle of presumption of innocence operates in favour of the accused person.”
Recall that on March 7, Justice Abang had ordered that Badeh be remanded in prison.
They are being charged with alleged criminal breach of trust and corruption relating to diversion of about N3.97bn which Badeh and the company were said to have fraudulently removed from the accounts of the Nigerian Air Force between January and December 2013.