Former Chief of Defence Staff, retired Air Chief Marshal Alex Badeh, was yesterday granted bail by a Federal High Court in Abuja on a total of N2 billion bond.
Justice Okon Abang ordered Badeh to produce two sureties in the sum of N1 billion each.
The judge said the sureties must be resident in Abuja and must be property owners with requisite Certificates-of-Occupancy.
He directed the court’s chief registrar and the EFCC to independently ascertain the market values of the property with the FCT Administration within 24 hours.
The judge ordered the sureties to deposit evidence of tax clearance for three years and two recent passport photographs each.
He also ordered Badeh to deposit his international passport with the court’s chief registrar pending the conclusion of the trial.
Badeh and Iyalikam Nig Ltd, a company believed to be owned by him, was on Monday arraigned on a 10-count charge of criminal breach of trust and corruption to the tune of N3.9 billion.
Badeh and his company were accused of removing from the accounts of the NAF, and using the dollar equivalent of N650 million to purchase a commercial plot at 1386, Oda Crescent Cadastral Zone Ao7 Wuse ll, Abuja among other allegations.
He was also alleged to have removed N304m from the accounts of the NAF and paid it to Rytebuilders for the completion of a shopping mall.
The EFCC said the accused used N260m dollar equivalent removed from the NAF accounts and paid to one Oluwatoyin Oke through Platinum Universal Project and Construction to purchase for his son, Alex Badeh (jnr), a duplex at No 19 Kumasi Crescent, Wuse Abuja. The trial commences March 14.