N270m Fraud: Court Grants Ohakim N270m Bail

A Federal High Court in Abuja on Thursday, July 9, granted a former Governor of Imo State, Ikedi Ohakim, bail in the sum of N270m.Ohakim, who is being prosecuted for N270m fraud allegedly perpetrated in 2008, was asked to provide  a surety resident in Abuja to guarantee the bail.

In his ruling on the bail application, filed by Ohakim, Justice Adeniyi Ademola also ordered the prosecuting agency, the Economic and Financial Crimes Commission, ‎to submit the passport and other travel documents seized from the former governor to the Deputy Chief Registrar of the court.

The Justice had on Wednesday, July 8, ordered the accused person to remain in EFCC custody pending the hearing of his bail application on Thursday.However, at the hearing of the bail application today, the defence counsel, Chief Chris Uche (SAN), urged the court to grant his client’s prayer.

He said his client, whose passport had been seized by the EFCC, had remained faithful to the bail conditions granted him by the anti-graft agency.

But the prosecutor, Festus Keyamo, opposed the bail, arguing that rather than granting bail to the accused person‎, the court should grant an accelerated hearing.

The judge in his ruling however held that the accused person had placed sufficient materials before the court to warrant granting him bail.

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  1. RT @BizWatchNigeria: N270m Fraud: Court Grants Ohakim N270m Bail – http://t.co/uqxYCul8qD http://t.co/4dLHEy3eWs

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