Former Imo Governor, Senator Rochas Okorocha has been granted bail to the tune of N500million by a federal High Court in Abuja.
With the judgment on Tuesday, Okorocha, a presidential aspirant of the ruling All Progressives Congress is now likely to participate in the ongoing presidential screening exercise of the APC which started on Monday, perhaps allaying some fears among his supporters.
Justice Inyang Ekwo rejected the objection by the Economic and Financial Crimes Commission (EFCC) to Okorocha’s bail application.
Justice Ekwo ordered Okorocha to provide a surety, who will sign and of the same amount.
The judge who postponed the commencement of trial till November 7, also granted bail to Okorocha’s co-defendant, Anyim Nyerere Chinenye on the conditions attached to the administrative bail earlier granted him by the EFCC.
Okorocha was alleged to have laundered funds to the tune of N2.9 billion while serving as governor of Imo State.
Okorocha was arraigned alongside Anyim Nyerere 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.
More to come…
