Breaking: Ohakim Secures Bail With N270m

Imo State former Governor,Ikedi Ohakim who is answering to a 3- count money laundering charge, has been granted bail by a Federal High Court sitting in Abuja led by one Justice Ademola Adeniyi.

‎Ohakim who was arraigned before the high court today, Thursday by the Economic and Financial Crimes Commission, EFCC, over alleged looting of over $2.29m from the Imo state treasury while he was governor and used same to acquire a mansion at the Asokoro District of Abuja.

In a ruling this afternoon, Justice Adeniyi released him on bail on the condition that he must produce a surety who must deposit the sum of N270m.

According to the court, the surety must be an owner of a landed property within the jurisdiction of the high court and must tender the title deed of such property to the Deputy Chief Registrar, DCR, of the court for verification.

In the alternative, Justice Adeniyi held that such surety could depose to an affidavit of means before the ‎DCR of the court in charge of litigation.

Mr Ohakim was ordered to surrender his international passport to the court, ‎pending the hearing and determination of the charge against him.