The ruling was delivered on Wednesday by Justice Emeka Nwite while considering separate bail applications filed by Malami and two other defendants in the case.
As part of the bail conditions, Malami is required to present two sureties, each of whom must enter into a bond valued at ₦500 million. The court further directed that the sureties must be owners of landed property located in high-value areas of Abuja, including Maitama, Asokoro, or Gwarimpa.
The case is expected to proceed as the defendants meet the bail requirements set by the court.
The court also directed that the title documents of the properties presented by the sureties be verified by the Deputy Chief Registrar. Additionally, the sureties are required to depose to affidavits of means to establish their financial capacity and ability to meet the bail conditions.
Pending the fulfillment of the bail conditions, the former Attorney General has been remanded at the Kuje Correctional Centre. As of the time of reporting, associates and supporters were said to be working to complete the bail process.
Justice Nwite has scheduled February 17 for the commencement of trial in the case.
