Abdulrasheed Maina a former Chairman of the defunct Pension Reform Task Team, who is standing trial on charges of money laundering involving N2bn, has appealed to the Federal High Court in Abuja to vary some of the conditions attached to the N1bn bail granted him by the Federal High Court in Abuja in November last year.
Maina, who was arraigned along with his firm, Common Input Property and Investment Ltd, has been on remand in Abuja since October last year due to his inability to meet
the bail conditions.
He told Justice Okon Abang on Monday that the part of the bail conditions requiring him to produce two sureties who must be serving senators with landed properties worth N500m each in Maitama or Asokoro, two highbrow areas of Abuja, was excessive and stringent.
Maina who is being prosecuted by the Economic and Financial Crimes Commission, urged the court to drop the said conditions in the interest of justice.
At the hearing of the bail variation application filed by Maina on December 6, 2019, the defendant’s lawyer, Mr. Afam Osigwe, said while his client had met other conditions, it had been impossible for him to get senators to serve as the sureties.
While commending the judge for granting bail to his client, Osigwe said the bail conditions were “excessive and impossible to meet”.