The Federal High Court sitting in Abuja on Thursday has granted the bail application of a former Registrar of Joint Admissions and Matriculation Board, Prof Adedibu Ojerinde.

The court granted him bail in the sum of N200 million with two sureties in like sum.

According to Justice Egwuatu, one of the sureties must be a professor in a Federal University, and the other, a property owner in Abuja.

The residences of the sureties must be verified by the prosecution, the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

While adjourning the case to the 22nd of July for trial, the judge ordered that the former registrar deposits his international passport with the court.

Professor Ojerinde is facing an 18 count charge where he is accused of complicity in the diversion of public funds estimated at over 5.2 billion naira.

Justice Obiora Egwuatu had on Tuesday had ordered that the former JAMB boss, Ojerinde, be remanded in prison pending the hearing of his bail application.

Justice Obiora Egwuatu gave the order after the former JAMB boss was arraigned on an 18-count bordering on alleged fraud and diversion of public funds to the tune of N5.2 billion.