Crime News

Alleged N2.9bn Fraud: Court Grants Okorocha N500m Bail 

The Federal High Court in Abuja has granted bail to former governor of Imo State, Rochas Okorocha.

Justice Inyang Ekwo granted the former governor’s bail application at the resumption of proceedings on Tuesday.

The judge set the bail sum at N500 million with a surety in the same amount.

He also barred Okorocha from traveling out of the country without the express permission of the court.

The judge also ordered the Senator representing Imo West in the National Assembly to deposit his traveling passport with the court registrar.

Justice Ekwo further ordered that Immigration must be alerted in writing by the court registrar that Okorocha’s traveling passport is with the court, and as such, must not be allowed to move out of the country.

He also granted Okorocha’s co-defendant, Anyim Chinenye, a bail in the terms of the administrative bail earlier granted to him by the Economic and Financial Crimes Commission.

The judge adjourned the matter until November 7, 8, 9, 10, and 11 for trial.

Recall that the judge had a day before ordered the remand of Okorocha pending the ruling on his bail application today (Tuesday).

The former Imo governor is standing trial for alleged N2.9 billion corruption and money laundering offences.

The lawmaker, who was the first defendant, was arraigned alongside Chinenye, Naphtali International Limited, Perfect Finish Multi Projects Limited, Consolid Projects Consulting Limited, Pramif International Limited, and Legend World Concepts Limited as second to seventh defendants respectively.

He was alleged to have laundered funds to the tune of N2.9 billion while serving as governor of Imo State.

 

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