Bala is being prosecuted on a 15-count charge of money laundering to the tune of N1.2 billion by the Economic and Financial Crimes Commission, EFCC.
He was admitted to bail today in the sum of N100 million with two sureties in the sum of N50 million each.
The sureties must either be a private businessmen or public servant not below the rank of assistant director.
The sureties must have landed properties in Abuja or within Lagos metropolis excluding satellite towns.
The defendant must also produce three years tax clearance and must not travel without the consent of the court.
The defendant must also comply with Section 15 of the ACJA, 2015 or depose to an affidavit in case of delay by the EFCC.