Justice Samuel Candide-Johnson granted bail to Oyebode Atoyebi in the sum of two million naira with two sureties in like sum.
Atoyebi is standing trial along with a former manager of Intercontinental Bank (now Access Bank), Olayinka Sanni, who was granted bail in the sum of N10 million and two sureties in like sum.
Candide-Johnson ordered that the international passports and other travelling documents of the duo should be deposited to the chief registrar of the court.
He adjourned the case to March 12 for substantive trial.
The News Agency of Nigeria (NAN) reports that the Economic and Financial Crimes Commission (EFCC) charged the defendants with intent to defraud and stealing.
The commission stated that the offences contravened Sections 516 and 390 of the Criminal Code of Lagos State.
The defendants, however, pleaded not guilty to the two-count charge during arraignment on Feb. 8.
The EFCC had earlier arraigned them before Justice Deborah Oluwayemi also of the Lagos State High Court on an eight-count charge of conspiracy, intent to defraud, forgery and stealing of N672.4 million.
They equally pleaded not guilty.