Tuesday, July 5, 2022

Fraud: Court Admits Rochas Okorocha To N500m Bail, Adjourns Case Till November

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A Federal High Court, Abuja, on Tuesday morning, 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, according to the News Agency of Nigeria.

Justice Ekwo said the surety, who must have a landed property within the jurisdiction of the court, must deposit the Certificate of Occupancy of the verified property with the registry of the court.

The judge, while admitting the senator to bail with a cautionary statement, ordered that Rochas Okorocha’s international passport be deposited in the registry of the court.

READ ALSO: Fraud: Court Declines Rochas Okorocha Bail Application, To Spend More Days In EFCC Custody

He ordered the registry of the court to inform the Nigeria Immigration Service 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-defendant, Anyim Chinenye, a bail in the terms of the administrative bail earlier granted to him by the Economic and Financial Crimes Commission.

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

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The News Agency of Nigeria reports that Okorocha is the current senator representing Imo West Senatorial District.

Alleged N2.9bn Fraud: EFCC Accuses Okorocha Of Evading Charge koko tv.ng

READ ALSO: Tinubu Is Distressed Because He Feels People Owes Him And APC Needs To Compensate Him – Okorocha

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.

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

Rochas Okorocha

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Photo Credit: Getty

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