According to Justice Omotosho, each surety had to possess a landed property within the court’s jurisdiction valued at N750 million.
The judge ruled that if he could furnish a bank guarantee or bond to cover the N10b, he would not be required to present sureties.

The judge ordered the defendant to submit his travel passport with the court and the sureties to produce proof of tax payment for a period of three years.
Mamman will be again remanded in Kuje jail  until once he satisfies the bail requirements, the judge ordered.
Mamman was charged with 12 counts on Thursday, including the allegation that he laundered over N33.8 billion.

According to the Economic and Financial Crimes Commission’s (EFCC) complaint filed under the file number FHC/ABJ/CR/273/2024, the former minister is also accused of using stolen money to purchase property through proxies.

Trial by prosecutors is set to begin on September 25.