[JUST IN] Claimed N2.9bn Fraud: Court Grants Okorocha N500m Bail
The Federal High Court, in Abuja, presided by Justice Inyang Ekwo in Abuja has granted N500m bail to the one-time Governor of Imo State, Rochas Okorocha. Information Guide Nigeria
Okorocha is being prosecuted by the Economic and Financial Crimes Commission (EFCC) on a 17-count criminal charge bordering on financial impropriety. INDEPENDENT reports.
Okoroacha was arraigned on Monday, May 30 by the EFCC.
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Part of the documents filed in court by the EFCC showed how the Senator awarded 12 contracts worth N20 billion in violation of the public procurement act. jamb results
Court processes also stated how a government committee uncovered the sum of N112.8billion “dubious debts” that various banks owed the state during Okorocha’s tenure.
When the charge was read to him on Monday, the former governor, said: “I understand the charge against me, but I am not guilty my lord”.