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A Federal High Court sitting in Lagos on Monday granted former Minister of Aviation, Femi Fani- Kayode bail.
He was granted bail in N250 million and two sureties in like sum.
Presiding judge, Justice Hassan also ordered the former minister to deposit his international passport in the court’s registry.
The Commission had on 28th June arraigned Fani-Kayode, Nenadi Usman, former finance minister, alongside Danjuma Yusuf and Jointrust Dimensions Nigeria Ltd on a 17-count charge bordering on conspiracy and corruption.
The defendants were alleged to have diverted about N4.9 billion belonging to the Federal Government of Nigeria for political and personal uses.
However, they had pleaded not guilty to the charges brought against them.