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    MarketForces Africa » MarketForces News » Court Admits Ex-Power Minister, Mamman, to N10bn Bail
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    Court Admits Ex-Power Minister, Mamman, to N10bn Bail

    Olu AnisereBy Olu AnisereJuly 12, 2024No Comments3 Mins Read
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    Court Admits Ex-Power Minister, Mamman, to N10bn Bail
    Saleh Mamman
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    Court Admits Ex-Power Minister, Mamman, to N10bn Bail

    A Federal High Court in Abuja on Friday, admitted former Minister of Power, Saleh Mamman, to a N10 billion bail with two sureties.

    Justice James Omotosho, in a ruling on Mamman’s bail application moved by his counsel, Femi Ate, SAN, held that alternatively, the former minister shall enter into a bond or agreement of N10 billion with a bank.

    Tye judge held that the sureties must have landed property within the jurisdiction of the court.

    Justice Omotosho also held that the sureties’ property, which must have title registers, must worth N750 million valuation.

    Moreover, the judge said that the sureties must present affidavit of means and three years tax evidence which would be verified by the court registrar.

    He ordered that that sureties must produce a passport photograph each while Mamman must submit his international passport to the court registry.

    Justice Omotosho, who ordered Mamman to remain in Kuje Correctional Centre pending the perfection of his bail, adjourned the matter until Sept. 25 for trial.

    The News Agency reports that Justice Omotosho had, on Thursday, ordered the remand of ex-minister in the correctional centre pending the hearing of his bail application.

    The judge gave the order after Mamman pleaded not guilty to a 12-count amended charge bordering on money laundering offences.

    Upon hearing the bail application on Friday, the Economic and Financial Crimes Commission (EFCC)’s lawyer, A.O. Mohammed, did not oppose Mamman’s bail plea.

    Delivering the ruling, the judge said granting bail is a constitutional right of the defendant which must be exercised judicially and judiciously.

    He said the defendant is innocent until proven guilty by law.

    NAN reports that the EFCC had filed a 12-count money laundering charge against the Mamman.

    He was alleged to have committed the money laundering offences to the tune of N33 billion.

    The former minister served under former President Buhari from 2019 to 2021.

    On May 10, 2021, he was arrested and detained at the headquarters of the anti-graft agency in Abuja.

    Buhari had Sept. 1, 2021, sacked Mamman and the then Minister of Agriculture and Rural Development, Sabo Nanono, in what was called a cabinet restructuring.

    Mamman was accused of conspiring with staff of the ministry in charge of the accounts of the Zungeru and Mambilla Hydro Electric Power projects to divert billions of naira.

    The investigations uncovered property in Nigeria and overseas allegedly linked to the suspects, while millions of naira and dollars had reportedly been recovered. #Court Admits Ex-Power Minister, Mamman, to N10bn Bail

    ECOWAS Single Currency Will Facilitate Free Trade -Uwaleke

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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