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The Federal High Court, Abuja on Thursday dismissed the bail application brought before it by the former chairman of the defunct Presidential Pension Reform Taskforce Team, Abulrasheed Maina for lacking in merit.
Maina, who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) is standing trial for alleged fraud and money laundering to a tune of N2 billion.
While ruling on the bail application, Justice Abang held that Maina who fled the country after he was granted the first bail could no longer be trusted for bail relief.
The Judge described Maina, who was rearrested in Niger Republic and extradited to Nigeria by the International Police as a flight risk adding that he would not take the second risk of granting him another bail.