The suspended Accountant General of the Federation, Idris Ahmed and his co-defendants were granted by FCT High Court on Thursday.
The co-defendants are Godfrey Olusegun Akindele and Mohammed Kudu Usman.
The court granted the bail on terms and conditions given by the Economic and Financial Crimes Commission (EFCC).
Justice Adeyemi Ajayi in her ruling ordered that the defendants shall not leave the Federal Capital Territory without permission of the court.
She threatened to revoke the bail of any of them who fail to appear for trial.
The court also stated that the defendants shall sign an undertaken that they will abide by the bail conditions by the EFCC.
Justice Ajayi also orders that the defendants should not have and shall not procure alternate passports until the case is expensed, having deposited their original passports to the commission.
Ajayi gave the ruling on grounds that the allegations against the defendants are yet to be proven.
The court also stated that In line with the rule of law, the defendants are entitled to bail in-spite of allegations against them, since the prosecution did not mention that the defendants misbehaved while in EFCC custody.
On July 22, the suspects, alongside a company, Gezawa Commodity Market and Exchange Limited, were arraigned by the EFCC before Justice Ajayi on a 14-count charge bordering on gratification, abuse of office and money laundering to the tune of over N109 billion fraud.
The judge ordered that the trio be remanded in prison custody pending the determination of their bail applications.
On May 16, Mr Idris was arrested by the EFCC in Kano over alleged diversion of funds and money laundering activities totalling over N174 billion.
He was accused of fraud through bogus consultancies and other illegal activities using proxies, family members and close associates.
The AGF was arrested for failing to honour multiple invitations by the anti-graft agency.
On May 19, the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, suspended Mr Idris as AGF indefinitely.
The minister had directed that Idris should proceed on indefinite suspension pending the outcome of the investigation
On May 22, Mr. Anamekwe Chukwunyere Nwabuoku was appointed as overseer of the Office of the Accountant-General of the Federation (OAGF).
On May 29, the EFCC arrested a former Governor of Zamfara State, Abdulaziz Yari, over alleged links to the N84bn alleged fraud involving Mr Idris.
The former governor, who won a senate ticket a day earlier under the platform of the ruling APC, was picked over a N22 billion deal.
On June 2, the EFCC released the suspended AGF on bail.
