Mr. Metuh is to also submit his international passport, and must provide two sureties with N200 million each. The sureties must have properties in Maitama district of Abuja.
The PDP spokesperson was taken to court on Tuesday in handcuffs.
He is accused of receiving N400 million from an arms money diverted by the office of the National Security Adviser.
Mr. Metuh has been in the custody of the Economic and Financial Crimes Commission, EFCC, for about two weeks.