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N2.9bn Fraud: Ex-Adamawa Gov, Fintiri Gets N500m Bail

A Federal High Court in Abuja on Friday granted bail to a former Acting Governor of Adamawa State, Umaru Fintiri, who was remanded in Kuje Prison on Thursday, in the sum of N500m.

Fintiri, a former speaker, who also served briefly as the acting Governor of Adamawa State, allegedly laundered monies through his naira and dollar accounts domiciled at Ecobank Plc., and making a large cash payment for the purchase of a property at Plot Number 7, Gana Street,Maitama, Abuja.

In his ruling,Justice Ahmed Mohammed held that the bail should be guaranteed by two sureties in the sum of N500m each. He dismissed the objection by the prosecution to the bail application, noting that it failed to show reasonable cause why the defendant should not be granted bail, reports The Punch.

The judge rejected the claim of the prosecution counsel, Mr. Peters Aso, who had alleged that the accused would likely jump bail and held that the claim by prosecution did not hold water as the defendant did not jump the administrative bail granted him by the EFCC before his arraignment.

Asides the N500m, other conditions attached the bail included seizure of his passport by the court pending the period of his trial and each of the two sureties to be produced by the defendant must have proofs of ownership of property in Abuja.The sureties were also to deposit title deeds of the property with the court alongside two recent passport photographs.

The judge fixed October 6 for commencement of trial.

Written by Olufunke Edidi 



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