Nigeria, Jan. 28 -- The Federal High Court in Abuja on Tuesday reduced the bail bond of the former chairman of the Pension Reform Task Team (PRTT), Abdulrasheed Maina, from N1billion to N500 million.

The judge also demanded Mr Maina present one surety in like sum.

Mr Maina had on January 13 told the court that he could not meet the stringent conditions of the bail granted to him in November.

In a ruling that lasted more than one hour on Tuesday, Justice Okon Abang held that, "Wih the facts placed before the court, the application of the defendant ought not to be granted, but for the past adjournment the defendant is now calm and does not interfere with the proceedings unlike when he was arraigned."

Justice Abang said, "I'm inclined re...