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Money laundering: Judge slams N270m bail on Ohakim; adjourns till Oct.20

Former Gov Ohakim in court, Wednesday
Former Gov Ohakim in court, Wednesday

Justice Adeniyi Ademola of the Federal High Court sitting in Abuja, Thursday, July 9, 2015 admitted former governor of Imo State, Ikedi Ohakim, to bail.

Ohakim was arraigned, Wednesday, July 8, by the Economic and Financial Crimes Commission, EFCC, on a three-count charge bordering on money laundering.

Moving the bail application at the court sitting, Thursday, Ohakim’s counsel, Chris Uche, SAN, prayed the court to admit his client to bail on liberal terms, adding that the charges are bailable.

However, prosecuting counsel, Festus Keyamo, urged the court to refuse the application.

After listening to both counsels, Justice Adeniyi admitted the accused person to bail in the sum of N270m with one surety who must be resident in Abuja.

According to Justice Ademola, the surety, who must have landed property within Abuja, must swear to an affidavit of means. The surety is also to deposit his/her international passport with the Deputy Registrar of the court.

The case has been adjourned to October 20, 2015.

It will be recalled that Ohakim was arrested by operatives of the EFCC, Tuesday, July 7.

The former governor is being prosecuted, among other charges, for making a cash payment to the tune of $2, 290,000.00, for the purchase of a piece of land at Plot No. 1098 Cadastral Zone A04, Asokoro District, otherwise known as No.60, Kwame Nkrumah Street, Asokoro, Abuja.

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