Justice Okon Abang of the Abuja division of the Federal High Court on Monday admitted Abdulrasheed Maina, former Chairman of the defunct Pension Reform Task Team (PRTM), to bail in the sum of N1 billion and two sureties.

Both sureties must be serving Nigerian Senators with no criminal cases before the court.

Also, both sureties must have fully developed landed property in Maitama or Asokoro district of Abuja.

According to the court ruling on Monday, the sureties must also submit 3-years tax clearance certificates and must appear at all further court rulings with the 1st defendant.

The sureties must file an affidavit to show they can pay the penance sum.