A Federal High Court sitting in Abuja, on Tuesday, admitted former Imo State Governor and Senator representing Imo West, Rochas Okorocha, to bail in the sum of N500 million with one surety in like sum.
The presiding judge, 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.
READ ALSO: EFCC arraigns Okorocha, others over alleged stealing of N3.1bn
According to NAN, Justice 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, therefore, adjourned the matter until November 7, 8, 9, 10, and 11 for trial.
The development occurred after counsel for Okorocha, Solomon Umo, SAN, and that of Chinenye, Oba Maduabuchi, SAN, took the applications.
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 State.
371 students of Covenant University, Ota, in Ogun State, on Friday graduated with first class…
The Minister of the Federal Capital Territory, Nyesom Wike, has commended Dunamis International Gospel Centre…
Troops of the Joint Task Force, North-East, Operation Hadin Kai, have killed 48 Islamic State…
Cryptocurrency platform Binance says it is investigating a major security incident that may have resulted…
President Bola Tinubu has nominated six executive directors for the Nigerian Midstream and Downstream Petroleum…
President Bola Tinubu has prayed for lasting peace, national unity and an end to insecurity…
This website uses cookies.