Former aviation minister, Femi Fani-Kayode has been granted bail of N50m and one surety in like sum.
In his ruling on Thursday, Justice John Tsoho held that Fani-Kayode be remanded in prison until he perfected his bail condition.
The surety must be resident in Abuja with landed property in the Federal Capital Territory. Fani-Kayode is also to drop his international passport and other travel documents.
The Economic and Financial Crimes Commission is prosecuting Fani-Kayode on afive-counts of money laundering to the tune of N26m.
The trial will commence on December the 14th.