Kano State High Court had granted bail to the former managing director of Kano Agricultural Supply Company (KASCO) Bala Inuwa Muhammad and his son, Bala Inuwa Muhammad (Jr) who are standing trial for alleged diversion of N4 billion Kano State fund.
Mr. Muhammad was arraigned by the Attorney General of Kano state before Justice Hafsat Yahaya Sani following an investigation by the Kano State Public Complaints and Anti-corruption Commission on allegations bordering on criminal breach of trust by servant, making false statement or return and official corruption.
He was subsequently remanded in prison custody since 2nd November, 2023, when the charges were read to him and pleaded not guilty to all the charges.
When the matter come up today (Thursday) for ruling on bail application brought forward by Mr Inuwa through his counsel, Prof. N.A Aliyu SAN, the Presiding Judge, Hafsat Yahaya Sani admitted the application to bail on sum of Five Hundred Million Naira and two responsible sureties who both are up to date tax payers in the sum of Two Hundred and Fifty Million Naira each.
The judge further ordered that both sureties must swear to an affidavit of means supported with document showing an ongoing registered business and residential addresses.
The sureties must also present tax document covering three preceding years which must be verified by the court registrar, while the police attached to the court must deposed to an affidavit confirming all information deposed to in the affidavit of the sureties.
Mr Muhammad is also required to obtain a letter of identification from a responsible Citizen of Nigeria who works or does business within the territorial jurisdiction of the court while all the sureties must be resident of Kano metropolis.
The second application Bala Inuwa Muhammad (Jr) is admitted to bail in the sum of Fifty Million Naira and two reasonable sureties of Twenty Five Million Naira each.
The Court Adjourned the Case to December 6 on the hearing of Substantive motion.
