33.1 C
Abuja

Alleged N2.9bn Fraud: Court grants Okorocha N500 million bail

Advertisement

Related

Advertisement
Advertisement

THE Federal High Court in Abuja has granted N500 million bail to ex-Imo State governor and a presidential aspirant under the All Progressives Congress (APC) Rochas Okorocha.

Justice Inyang Ekwo, in a ruling, rejected the objectIon of the Economic and Financial Crimes Commission (EFCC) to Okorocha’s bail application.

The EFCC arraigned Okorocha before the Abuja Federal High Court on May 30, during which pleaded not guilty to money laundering charges, involving N2.9 billion.


READ ALSO:

Okorocha may miss APC presidential primary as court rejects his application

EFCC finally arrests Okorocha after laying siege to his residence

EFCC storms Rochas Okorocha’s Abuja residence


- Advertisement -

The court ordered his detention in EFCC custody but when, in a ruling on May 31, Justice Ekwo granted the former governor bail in the sum of N500 million and a surety in like sum.

Justice Ekwo ordered that the surety to be produced by Okorocha must be a responsible citizen who has landed property in the like sum of the bail granted to him.

The judge also directed Okorocha to deposit his international passport with the court’s registry and should not travel outside the court’s jurisdiction without the court’s permission.

In addition, he ordered the court registry to inform the Nigeria Immigration Service (NIS) that Okorocha’s international passport was in its custody.

Justice Ekwo, however, ordered that the former governor should remain in the custody of the Economic and Financial Crimes Commission (EFCC) until his bail conditions were met.

The judge also granted bail to Okorocha’s co-defendant, Anyim Nyerere Chinenye, on the conditions attached to the administrative bail earlier granted him by the EFCC.
.
The Trial is to commence on November 7.

The former governor is being tried on a 17-count charge bordering on money laundering to the tune of N2.9 billion.

Author profile
- Advertisement -

A reporter with the ICIR
A Journalist with a niche for quality and a promoter of good governance

Support the ICIR

We invite you to support us to continue the work we do.

Your support will strengthen journalism in Nigeria and help sustain our democracy.

[molongui_author_box]

If you or someone you know has a lead, tip or personal experience about this report, our WhatsApp line is open and confidential for a conversation

Advertisement

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Support the ICIR

We need your support to produce excellent journalism at all times.

Advertisement

Recent

Naira redesign: CBN recovers N1trn old notes

THE Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has said about...

WHO: 29 per cent of all deaths in Nigeria caused by Non-Communicable Diseases

NO less than 29 per cent of all deaths in Nigeria are caused by...

Nigerians react as Chatham House invites Obi, Atiku, Kwankwaso to London

CHATHAM House which recently hosted the presidential candidate of the All Progressives Congress (APC)...

Despite tech layoffs, Nigerian start-ups seek employees

In the midst of mass layoffs in tech companies globally, some Nigerian companies are...

NERC to consumers: It is not your responsibility to replace faulty transformers

THE Nigerian Electricity Regulatory Commission (NERC) has affirmed that it is not the responsibility...
Advertisement

Most Read

Advertisement

Subscribe to our newsletter

Advertisement