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

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Rochas Okorocha, the Former Governor of Imo State has been granted N500 million bail.

Leakblast.com reports that Justice Inyang Ekwo of the Federal High Court in Abuja granted Okorocha bail on Tuesday during his arraignment over alleged N2.9bn corruption charges.

The Economic and Financial Crimes Commission (EFCC) had earlier arraigned Okorocha, an ally to the former governor, Anyim Nyerere Chinenye and five companies on a 17-count money laundering charge.

In his ruling, Justice Ekwo approved the bail application of both Okorocha and Chinenye and thereafter granted them bail.

READ ALSO: Reason Why Nigeria Should Minimize 109 Senators To 36 – Rochas Okorocha

Justice Ekwo, however, fixed November 7 for the commencement of the former governor’s trial.

Recall that the nation’s anti-graft agency last week forcefully broke into the Abuja residence of the Senator representing Imo-West.

The EFCC had forcefully invaded the premises, using teargas to disperse journalists from the compound. The commission accused Okorocha of refusing to honour invitations to him after jumping the administrative bail granted to him following allegations of stealing public funds to the tune of 2.9 billion Naira.

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