JUST IN: Court grants Abba Kyari N50M bail

Deputy Commissioner of Police, Abba Kyari who is faced with trial on money laundering charges has been granted bail by the Federal High Court in Abuja on Thursday.

On Thursday, Justice James Omotosho delivered a ruling granting conditional bail to Abba Kyari. The bail amount was set at N50 million, and Kyari was required to provide two sureties who possessed property valued at N25 million within the jurisdiction of the court.

In addition to these conditions, there were other stipulations outlined by Justice Omotosho.

One of Kyari’s lawyers, Hamza N. Dantani, also announced the news of the court granting bail for the money laundering charges on his Facebook page.

Expressing gratitude, he wrote, “Alhamudullhi! Abba Kyari’s Bail Granted by Federal High Court Abuja today.”

The ongoing trial revolves around the discovery of $61,400 in cash and a 25kg parcel of cocaine, which were seized as evidence and believed to have been used as a bribe to influence officials of the National Drug Law Enforcement Agency (NDLEA).

According to the NDLEA, Kyari allegedly attempted to bribe a senior agency officer with $61,400 at a restaurant in Abuja to prevent testing a portion of the seized cocaine linked to two individuals arrested for drug trafficking.

In addition to the aforementioned charges, Kyari is also being investigated by the Federal Bureau of Investigation (FBI) of the United States in connection with a fraud case involving Instagram celebrity Ramon Abbas, also known as Hushpuppi.

Following his arrest on February 14, 2022, after being declared wanted by the NDLEA over alleged drug-related connections, Kyari has remained in detention. Despite his bail application being rejected by Justice Nwite of the Federal High Court and the Court of Appeal about the cocaine trafficking charges.

It is important to note that he is still being held without bail on the primary charge of cocaine trafficking.