Federal High Court Grants Suswam N100m Bail
A Federal High Court sitting in Abuja has granted a sum of N200m bail to former Benue State Governor, Gabriel Suswam and former Commissioner of Finance in the state.
Suswam and Okolobia are standing trial for alleged mismanagement of over 3.1 billion naira belonging to Benue State.
The duo were alleged to have diverted the proceeds of the sale of shares owned by the Benue State Government and Benue Investment and Property Company Limited.
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The offence is punishable under Section 15, Subsection 3 of the Money Laundering (Prohibition) Act as amended in 2012.
The court granted them bail in the sum of 100 million naira each and one surety each who shall be not less than a Director, Grade Level 12 ,in the employment of the federal, state or local government.
Each surety shall swear an affidavit of means while the two accused persons are to submit their travel documents in the custody of the court.
Justice A.R. Mohammed, who presided over the case, adjourned the trial to December 8 and 9.
