The Federal High Court in Abuja has yesterday granted bail to Dr. Sani Teidi Shaibu, the former Director of Pension Account in the Office of the Head of Civil Service of the Federation (OHCSF) at the sum of N500million.

According to Justice Adeniyi Ademola, the ex-pension boss was said to have connived with one Mr. Udusegbe Omoefe Eric, the former manager with the defunct Oceanic Bank Plc, in diverting about N5billion mend for pensioners across the federation.

Eric, the alleged accomplice was also released on the same bail terms while the sureties were to deposit the title deeds of their property with the Deputy Chief Registrar of the court.

“The accused persons should equally deposit their travelling documents with the court registrar and must not travel without the permission of the court,” the judge has said.

Justice Adeniyi directed that failure of the accused persons to meet the conditions, upon which they were granted bail, would return them to Kuje prison.