The Federal High Court, Abuja, on Monday admitted Abdulrasheed Maina, former Chairman, defunct Pension Reform Task Team, to a bail in the sum of N1bn.
Justice Okon Abang who gave the ruling also ordered that Maina must produce two sureties who must be serving senators.
The two lawmakers, according to the judge, must not be standing any criminal trial in any court in the country.
He also ruled that the two sureties, who must be prepared for a N500m bond each, must always be in court with the defendant at each adjourned date.
The ex-pension reform boss is standing trial on alleged money laundering charge involving over N2bn preferred against him by the EFCC,
Maina, who came into Court 6 at the second floor of the building at about 9:40am, supported himself with a walking stick.
Justice Abang had, on November 21, fixed Monday (today) for hearing on the bail application and for continuation of Maina’s trial.
The judge accused the Nigerian Correctional Services of compounding the issue before the court by failing to produce a medical report on Maina’s health status days after the order to that effect was made.
He ruled that the trial would be on a day-to-day basis in subsequent proceedings.
Maina’s trial was stalled on the last adjourned date due to his worsening health condition.
The EFCC had, on October 25, charged the defendant before the court alongside his firm, Common Input Property and Investment Ltd.
He pleaded not guilty to the 12 counts and his trial has yet to make meaningful progress due to his failing health.