Section 187: Registration of bondsperson

(1) The Chief Judge of the Federal High Court or of the High Court of the Federal Capital Territory, Abuja may make regulation for the registration and licensing of corporate bodies or persons to act as bondspersons within the jurisdiction of the court in which they are registered.
(2) A person shall not engage in the business of bail bond services without being duly registered and licensed in accordance with the subsection (1) of this section.
(3) A person who engages in bail bond services without registration and licence or in contravention of the regulation or terms of his licence is liable to a fine of five hundred thousand naira or imprisonment for a term not exceeding twelve months or to both fine and imprisonment.
(4) On conviction under this section, the court shall forward a report to the Chief Judge and in instances of gross violation of the terms of the licence revoke the licence.
(5) A bondsperson registered under subsection (1) of this Section may undertake recognizance, act as surety, or guarantee the deposit of money as required by the bail condition of a defendant granted bail by the court within the division or district in which the bondsman is registered.
(6) A person or organisation shall not be registered as a bondsperson unless the person is, or the organisation is composed of persons of unquestionable character and integrity and deposits with the Chief Judge sufficient bank guarantee in such amount as may be determined by the Chief Judge in the regulation, having regard to the registered class or limit of the bondsman‘s recognizance;
(7) A registered bondsperson shall maintain with a bank or insurance company designated in his licence, such fully paid deposit to the limit of the amount of bond or recognizance to which his licence permits him to undertake.
(8) The Chief Judge may withdraw the registration of a bondsperson who contravenes the terms of his licence.