Ahmadu Fintiri Ex-Gov of Adamawa gets N500m bail

Fintiri was granted bail to to the tune of N500million by a Federal High Court in Abuja after he was charged by the Economic and Financial Crimes Commission, EFCC on June 30, 2016.

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Ahmadu Fintiri play

Ahmadu Fintiri

(EFCC/SaharaReporters)
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Ex-acting governor of Adamawa State, Ahmadu Umaru Fintiri, who was to be remanded in prison over an alleged N2.9billion fraud, has been granted bail by Justice A. R. Mohammed of the Federal High Court Abuja, on Friday July 1, 2016.

Fintiri was granted bail to to the tune of N500million after he was charged by the Economic and Financial Crimes Commission, EFCC on June 30, 2016 alongside his company, Mayim Construction and Properties Limited  on a 5-count charge of money laundering.

N2.9bn fraud: Former governor of Adamawa remanded in prison play

N2.9bn fraud: Former governor of Adamawa remanded in prison

(PM News Nigeria)

 

Fintiri's bail application saw Justice Mohammed saying, ”since the EFCC, being the complainant, had already released the defendant on administrative bail since June 15, 2016, with no complaint of defaulting contained in their counter affidavit, there was no evident reason as to why reservations were harbored this time."

ALSO READ: Former governor of Adamawa remanded in prison for N2.9bn fraud

He continued further saying, "The court has not seen any reason not to admit the first defendant (Fintiri) to bail pending determination of the case, and so, the defendant is hereby admitted to bail in the sum of N500million with two sureties in like sum, who must have landed properties within Abuja. The title documents of the properties are to be submitted with the court registrar along with the international passport of the defendant.

"The first defendant is not to travel out of the country pending determination of case. The two sureties are to submit two recent passport photographs. The defendant is to remain in prison custody pending satisfaction of bail conditions", Justice Mohammed read.

The case between Fintiri and EFCC was adjourned till October 6, 2016 for commencement of trial.

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