A federal high court in Abuja has granted Shamsudeen Bala, son of former FCT minister, bail in the sum of N100m, and with two sureties in like sum.
According to the court, the sureties owners of property in Abuja or Lagos.
Also, he is to deposit his international passport at the court.
Bala is facing charges of money laundering to the tune of N1.2bn brought against him by the Economic and Financial Crimes Commission (EFCC).
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On Wednesday, Nnamdi Dimgba, the judge, remanded Bala in Kuje pending ruling on a application for bail filed by Chris Uche, his lawyer.
On Friday, the judge granted him bail, but added that he would be in prison until he fulfilled the conditions for his release.
After delivering the ruling, he adjourned the case to March 27 for trial.
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