Ohakim’s Bail Set At N270 Million

It is not the best of times for former Imo state governor Ikedi Ohakim. After a rather indifferent tenure as Imo state governor, the embattled ex-governor is facing money laundering charges.

The Economic and Financial Crimes Commission is prosecuting Ohakim for fraud allegedly committed in 2008 to the tune of N270 million. The Federal High Court on Thursday granted Ohakim set bail at N270 million and also asked him to provide a surety resident in Abuja to serve as guarantor.

Justice Ademola Adeniyi ordered the EFCC to confiscate his passport, perhaps having been deemed a flight risk. The EFCC lawyer, Mr. Festus Keyamo was opposed to the motion for bail and instead urged the court to facilitate accelerated hearing.

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