Court Grants Okorocha N500m Bail for N3.1b Money Laundering

Senator Rochas Okorocha, a former governor of Imo State, was granted bail by Justice Inyang Ekwo of the Federal High Court in Abuja on Tuesday, May 31, 2022.

On Monday, May 30, 2022, Okorocha was arraigned 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 a 17-count charge of stealing, conspiracy, and money laundering totaling N3,147,000,000.00 (Three billion, One Hundred and Forty Seven Million Naira).

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At today’s hearing, Oke, Amaechi, SAN, counsel for the first defendant, pleaded with 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.