Justice Jude Onwuegbuzie at the FCT High Court in Apo granted a bail of N50 million to Olu Agunloye, the former Minister of Power and Steel, on Thursday, January 11.
Agunloye was accused on Wednesday of seven felonies, involving contract fraud and government misconduct.
The judge ordered that he be held in Kuje Correctional Centre until the bail application is heard and ruled upon.