A Federal High Court in Abuja has granted Azibaola Roberts, cousin of former President Goodluck Jonathan, and his wife, Stella, bail in the sum of N500million.
The court also ordered them to provide two sureties who must own landed property in Abuja.
Justice Nnamdi Dimgba had on Tuesday, remanded Azibaola in Kuje prison pending the determination of his bail application.
But on Wednesday, he ruled that Azibaola was entitled to bail because he had not been proved guilty.
The Economic and Financial Crimes Commission (EFCC) had arraigned Azibaola and his wife on alleged diversion of $40m through One Plus Holdings; a company the accused allegedly owns.
The accused persons had pleaded not guilty to charges when they were read to them.
The prosecution counsel, had asked the court to commence trial, and that the accused be remanded in prison custody.
But defence counsel, Chris Uche, told the court that there was a pending application for bail, and he urged the court to grant his request.
According to Uche, the accused person had been in the custody of the EFCC despite an order of a high court granting him bail- which he said was flagrantly disobeyed by the commission.
But the court while granting the couple bail, ruled that they would be in prison until the bail conditions were met.