A Federal High Court in Lagos State on Thursday granted bail to Abdullahi Babalele, son in-law to Atiku Abubakar a day after he was arraigned for fraud.
Justice Nicholas Oweibo granted him bail in the sum of N20million with one surety in like sum.
According to the judge, the surety must be resident in Lagos and must produce evidence of means through an affidavit.
He also ordered Babalele to deposit his passport.
The Economic and Financial Crimes Commission, EFCC, had on Wednesday arraigned Babalele on a two-count charge bordering on money laundering to the tune of $140, 000, to which he pleaded not guilty.
