Former Minister of Power, Saleh Mamman, has been arraigned on 12 counts related to conspiracy to commit money laundering and possession and use of criminal proceeds. Justice Omotosho, while ruling on Mamman’s bail application, stipulated that his sureties must own properties in Abuja valued at a minimum of ₦750 million. These sureties must also submit certified land documents and a three-year tax levy to the court. Additionally, the defendants are required to provide bank statements and international passports.
As an alternative to these conditions, the court ruled that Mamman could produce a bank guarantee for the same amount, which would negate the need for sureties. The case has been adjourned to September 25, 2024, for the trial’s commencement.
Previously, Justice Omotosho had ordered Mamman to be remanded in Kuje prison in Abuja pending the consideration of his bail application. This order followed Mamman’s arraignment on the 12-count charge by the Economic and Financial Crimes Commission (EFCC), which alleges that he laundered over ₦33 billion and acquired properties through proxies. Mamman pleaded not guilty to the charges.