Court Grants Fintiri N500 Million Bail

Former Gov. Ahmadu Fintiri of Adamawa State has been granted bail by an Abuja court.

Mr. Fintiri was remanded on Thursday, following his arraignment by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering.

The EFCC accuses him of defrauding the Adamawa government to the tune of N970 million and 4.8 million dollars when he was the governor of the state for three months.

Mr. Fintiri pleaded not guilty to the charge.

Justice Ahmed Mohammed granted him a N500 million bail on Thursday, ordering that Mr. Fintiri provides two sureties in like sum.

The sureties must have properties in any part of Abuja, and titled documents of the properties are to be submitted to the court registrar.

Mr. Fintri is to also submit his international passport to the court registrar.