A Federal High Court in Abuja has granted bail of N200million for a former Registrar of the Joint Admission and Matriculation Board (JAMB), Professor Adedibu Ojerinde, who was charged with alleged diversion of about N5.2billion public funds.
Justice Obiora Egwuatu admitted Ojerinde to bail in a ruling he delivered after listening to arguments from lawyers to the defence and prosecution.
Justice Egwuatu noted that bail is at the discretion of the court, adding that there is no evidence before him why the defendant should not be admitted to bail.
He ordered the defendant to produce two sureties in like sum, whom must be residents of Abuja and show evidence of tax payment.
One of the sureties, the Judge held, must be a Professor of a university while the other must own landed property with title documents in Abuja, which must be verified by the court along with operatives of Independent Corrupt Practices and other related offences Commission (ICPC).
He said, in addition, the Professor, must provide documented evidence of professorship, letter of appointment and staff identity card.