The Kano State High Court has again granted bail to the former Managing Director of Kano Agricultural Supply Company, Bala Inuwa Muhammad, who is standing trial for alleged diversion of N4 billion Kano State funds.
The News Agency of Nigeria reports that he was granted bail alongside his son, Bala Muhammad, on Thursday.
The duo were arraigned by the Attorney General of Kano State before Justice Hafsat Yahaya Sani following an investigation by the Kano State Public Complaints and Anti-Corruption Commission on allegations bordering on criminal breach of trust by a public servant, making false statement or return and official corruption.
They were first granted bail by Justice Usman Na’abba of Kano State High Court 4 on August 8, 2023.
The accused were remanded in prison custody after arraignment before the court on November 2, 2023 when the charges were read to them and they pleaded not guilty to all the charges.
When the matter come up on Thursday for ruling on the bail application brought by the accused through his counsel, Prof. N.A. Aliyu (SAN), Justice Sani admitted the applicant to bail in the sum N500 million and two responsible sureties who both are up to date tax payers in the sum of N250 million each.
The court further ordered that both sureties must swear to an affidavit of means supported with documents showing ongoing registered business and residential addresses.
The sureties must also present tax documents covering three preceding years, which must be verified by the court registrar, while the police attached to the court must depose to an affidavit confirming all information deposed to in the affidavit of the sureties.
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The accused is also required to obtain a letter of identification from a responsible citizen of Nigeria who works or does business within the territorial jurisdiction of the court, while all the sureties must be residents of Kano metropolis.
The second accused, Bala Inuwa Muhammad (Jr), was admitted to bail in the sum of N50 million and two reasonable sureties of N25 million each.
The hearing of the main suit is expected to commence on December 6.