Senator Rochas Okorocha has been granted bail in the sum of N500 million or surety in the same quantity by Justice Inyang Ekwo of the Federal high court in Abuja.
In ruling on Mr Okorocha’s bail plea, the judge stated that as part of his bail condition, he must give a surety with a landed property worth the same amount as the bond.
Mr Okorocha must also give his passport to the court registry and obtain permission from the court before traveling outside of the court’s jurisdiction, according to the judge.
Recall he was arraigned on Monday before Justice Ekwo on a 17-count charge bordering on conspiracy to steal N2.9 billion in public funds during his tenure as Imo State Governor.
He was arraigned alongside six others, including a chieftain of APC, Anyim Chinenye and five companies Naphtali International Limited, Perfect Finish Multi Projects Limited, Consolid Projects Consulting Limited, Pramif International Limited, and Legend World Concepts Limited.