Wakil was arraigned before the court on Feb. 25, alongside three other accused persons by the Economic and Financial Crimes Commission (EFCC), on two counts of conspiracy and obtaining by false pretenses N42 million.
The accused persons are Tahiru Daura, Lawal Shoyade and Adamu Sani.
Delivering a ruling, Justice Jude Dagat, ordered the defendants to produce two sureties each.
The court also ordered that one of the sureties must own a fully developed landed property in Maiduguri and must deposit the tittle documents with the registrar of the court for verification and custody.
Justice Dagat adjourned the case until May 5 for trial.