Court admits Okorocha to N500m bail

Date:

A Federal High Court, Abuja, on Tuesday, admitted Sen. Rochas Okorocha to bail in the sum of N500 million with one surety in like sum.

Justice Inyang Ekwo, in a ruling, said granting bail was a discretionary power of the court.
Justice Ekwo said the surety, who must have a landed property within the jurisdiction of the court, must deposit the Certificate of Occupancy (C of O) of the verified property with the registry of the court.

The judge, while admitting the senator to a bail with a cautionary statement, ordered that his international passport be deposited to the registry of the court.
He ordered the registry of the court to inform the Nigeria Immigration Service (NIS) about the state of Okorocha’s travel documents.

He further ordered the lawmaker not to travel outside the country except with the leave of the court.
Ekwo also granted Okorocha’s co-defenndant, Anyim Nyerere Chinenye, a bail in the terms of the administrative bail earlier granted to him by the Economic and Financial Crimes Commission (EFCC).
The judge adjourned the matter until Nov. 7, Nov. 8, Nov. 9, Nov. 10 and Nov. 11 for trial.

The development occured after counsel for Okorocha, Solomon Umo, SAN, and that of Chinenye, Oba Maduabuchi, SAN, took the applications.

yanstv reports that Okorocha is the current senator representing Imo West Senatorial District.
The lawmaker, who is the 1st 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 2nd to 7th defendants respectively.

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Eat less of hot, heavy food during hot season – Health expert admonishes gluttons

With the hot season advancing fast, Chairman of Nigeria...

2023 rainy season: Edo, Delta, Bayelsa express readiness to mitigate flooding

The governments of Edo, Delta and Bayelsa, have announced...

Naira Scarcity: Be Patient with CBN, FG, Peter Obi tells Nigerians

Amid the scarcity of the newly redesigned naira notes,...

2023 Election: Clergy advises Nigerians to protect their votes

Apostle Johnson Suleman, a renowned Nigerian Clergy and President...