Sani Malumfashi, chairman of the Kano State Independent Electoral Commission (KANSIEC), has been granted bail by the federal high court in Abuja to the tune of N200 million.
Sani Malumfashi is facing trial alongside Anas Muhammed Mustapha, KANSIEC’s secretary, and Ado Garba, a deputy director in the commission’s accounts department, for their involvement in a N1 billion fraud case.
The trio was arraigned before the court on Tuesday, with Justice James Omotosho presiding.
On Wednesday, the judge delivered a ruling on their bail applications, granting each defendant bail set at N200 million with two sureties, each to provide a like sum.
Justice Omotosho noted that the charges against the defendants are bailable and not capital offences.
He also highlighted that the Independent Corrupt Practices and Other Related Offences Commission (ICPC) did not oppose the bail applications.
The judge outlined that the sureties must own property within the Federal Capital Territory (FCT) valued at no less than N100 million, and must swear to an affidavit proving their financial capacity.
Additionally, the sureties must submit evidence of tax payments from the past three years, along with recent passport photographs and certified true copies of bank statements, from both the sureties and the defendants.
The defendants were ordered to surrender their international passports to the court registrar for verification.
The matter was adjourned to March 4 for the commencement of trial, and the defendants will remain in custody at the Kuje Correctional Centre until all bail conditions are fulfilled.
The ICPC has accused the defendants of embezzling N450 million, N310 million, and N260 million between November and December 2024.
In the charge dated November 28 and filed on December 1, 2025, the anti-graft agency alleged that the defendants conspired to divert N450 million through accounts held by SLM Agro Global Farm with Jaiz Bank, claiming the funds were proceeds from illegal activities.
The charges violate provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.
When the six-count charge was read to them on Tuesday, the defendants pleaded not guilty.