Okorocha Gets N500m Bail for N2.9bn 'Fraud,' but Remains in EFCC Custody


Okorocha Gets N500m Bail for N2.9bn 'Fraud,' but Remains in EFCC Custody
Rochas Okorocha, the former governor of Imo State, was granted bail by a Federal High Court in Abuja Wednesday.

Between 2014 and 2016, Okorocha and a politician, Nyerere Anyim, are accused of diverting monies from the Imo State Government House and local government joint accounts to private enterprises.

In a judgement on the bail application, Justice Inyang Ekwo ordered Okorocha to produce one surety in the amount of N500 million in bond.

The surety must own a N500 million landed property in Abuja, and the title paperwork must be verified by the court's registrar.

The court ordered him to leave his international passport with the court's registrar, who will then notify the Nigerian Immigration Service of its whereabouts.

The judge also ordered Okorocha to appear in court on a regular basis.

Anyim, the second defendant, will remain on administrative bail with the Economic and Financial Crimes Commission, according to the judge.

The adjournment of the case was not opposed by Naphtali International Limited, Perfect Finish Multi Projects Limited, Consolid Projects Consulting Limited, Pramif International Limited, or Legend World Concepts Limited.

On May 25, Okorocha, the senator for Imo West Senatorial District and an APC presidential candidate, was arrested in his Abuja home on charges of jumping an administrative bond and failing to honour invitations.

The hearing has been rescheduled for November 7.


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