N3.1b Money Laundering: Court Grants Okorocha N500m Bail, Sets November 7 For Trial - THE DAILY CRUCIBLE

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Tuesday, May 31, 2022

N3.1b Money Laundering: Court Grants Okorocha N500m Bail, Sets November 7 For Trial

      •Okorocha


| The Daily Crucible | Tuesday, May 31, 2022

Justice Inyang Ekwo of the Federal High Court, Abuja on Tuesday, granted bail to a former governor of Imo State, Senator Rochas Okorocha.

Okorocha was arraigned on Monday alongside Anyim Nyerere (a.k.a Anyim Chinenye), Naphtali International Ltd, Perfect Finish Multi Projects Ltd, Consolid Projects Consulting Ltd, Pramif International Ltd and Legend World Concepts Ltd on 17-count 
charge of stealing, conspiracy and money laundering to the tune of N3,147,000,000.00 (Three billion, One Hundred and Forty Seven Million Naira).

At Tuesday sitting, counsel for the first defendant, Oke, Amaechi, SAN, prayed the court to grant the defendant bail, arguing that it is his constitutional right.

But counsel for the prosecution, Cosmos Ugwu  had opposed the bail application  on the grounds that the first defendant did not keep the terms of the administrative bail granted him by the Commission.

In granting the bail, Justice Ekwo stated that granting bail was the discretion of the court. The judge then granted the first defendant bail in the sum of N500m with one surety.


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