A Federal High Court sitting in Lagos, Thursday, granted bail to Abdullahi Babalele, a son in-law to Alhaji Atiku Abubakar, the Peoples Democratic Party (PDP) presidential candidate in the 2019 general elections.
The presiding judge, Justice Nicholas Oweibo admitted Babalele to bail in the sum of N20million with one surety in like sum.
The surety must be resident in Lagos and must produce evidence of means through an affidavit. He also ordered Babalele to deposit his passport.
Recall that the Economic and Financial Crimes Commission (EFCC), had on Wednesday arraigned Babalele for allegedly laundering $140,000 during the February general elections.
Babalele pleaded not guilty to the two-count charge brought against him.
The commission also arraigned Atiku’s lawyer, Uyiekpen Giwa-Osagie and his brother Erhunse Giwa-Osagie, on a separate charge of laundering $2million.