By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Alleged N2.9bn Fraud: Court grants Okorocha N500m bail
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Alleged N2.9bn Fraud: Court grants Okorocha N500m bail

Agency Report with Okay.ng
By Agency Report with Okay.ng
Published: May 31, 2022
Share
2 Min Read
SHARE

The Abuja Division of the Federal High Court admitted Rochas Okorocha to N500 million bail with one surety.

Justice Inyang Ekwo, in a ruling, on Tuesday said granting bail was a discretionary power of the court.

Mr Ekwo said the surety, who must have a landed property within the court’s jurisdiction, must deposit the Certificate of Occupancy (C of O) of the verified property with the registry of the court.

While admitting the senator to bail with a cautionary statement, the judge ordered that his Nigerian passport be deposited in the court’s registry.

- Advertisement -

He ordered the court registry to inform the Nigeria Immigration Service (NIS) about the state of Mr Okorocha’s travel documents.

He further ordered the lawmaker not to travel outside the country except with the leave of the court.

Mr Ekwo also granted Okorocha’s co-defendant, Anyim Nyerere Chinenye, bail in terms of the administrative bail earlier granted to him by the Economic and Financial Crimes Commission (EFCC).

The judge adjourned the matter until November 7, 8, 9, 10 and 11 for the trial.

- Advertisement -

The development occurred after counsel for Mr Okorocha, Solomon Umo, and that of Mr Chinenye, Oba Maduabuchi, took the applications.

The Imo West senator, who is the first defendant, was arraigned alongside Mr 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.

He was alleged to have laundered N2.9 billion while serving as governor of Imo.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Rochas Okorocha
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Ifeanyi Odii emerges Ebonyi PDP governorship candidate
Next Article Photos: President Buhari meets with All Progressives Congress (APC) Governors at the State House

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 3 weeks ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Taiwo Oyedele
FG Sets Ambitious Target to Raise Tax-to-GDP Ratio to 18% Within Three Years
Economy
Suspected IPOB/ESN Landmine Explosion Claims Six Lives in Imo Market
News
Political Rift Between Wike and Fubara Resolved After Presidential Mediation
News
NNPC
Senate Issues Ultimatum as NNPCL Fails to Appear Over N210 Trillion Audit Discrepancies
Energy & Oil
Federal Revenue Agencies to Undergo Restructuring as President Tinubu Enacts Major Tax Reform Legislation
News Top stories
- Advertisement -
Ad imageAd image

You May Also Like

NewsTop stories

BREAKING: President Tinubu Endorses Four Major Tax Reform Bills

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
Lagos State Government
News

Lagos State Government Refutes Peter Obi’s Allegation of Property Demolition, Orders Probe

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
News

Oyo State Governor Seyi Makinde Renames Polytechnic Ibadan in Honour of Late Dr. Omololu Olunloyo

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 26, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?