Former National Chairman of the Peoples Democratic Party, Dr. Haliru Bello and his son, Abba, have been granted bail by a Federal High Court, sitting in Abuja.
The duo are on trial for benefitting from the alleged diversion of over $2.1 billion arms funds, meant to prosecute the war against Boko Haram.
Bello and his son were accused of withdrawing N300m from an account the Office of the National Security Adviser, operated with the Central Bank of Nigeria, through a private firm, BAM Projects and Properties Limited.
Justice Ahmed Mohammed on Thursday, ordered father and son to pay N300 million each and to also produce two sureties each, in like sum.
The court ruled that one of the persons to stand surety for Bello must be a Director under the employment of a federal government agency.
According to Justice Mohammed, the other surety must own property in Abuja worth N300m.
For Abba Bello’s bail, the judge ruled that one of his sureties must be a federal civil servant not less that Grade Level 12 and the other must also own property worth N300m in the Federal Capital Territory.
The accused persons were also ordered to deposit their passport with the court pending the determination of their trial.
Subsequently, the court fixed February 16 for commencement of trial.