Court Remands APC Presidential Aspirant, Okorocha Over Alleged Embezzlement Of N2.9billion

The Federal High Court on Monday remanded a former Imo State Governor, Rochas Okorocha, in the custody of the Economic and Financial Crimes Commission pending the determination of his bail application.

Presiding judge, Justice Inyang Ekwo gave the order after Okorocha pleaded not guilty to 17-count charge by the anti-corruption agency bordering on alleged money laundering to the tune of N2.9billion.

Okorocha was arraigned along with six other defendants – Anyim Nyerere Chinenye, Naphtali International Limited, Perfect Finish Multi Projects Limited, Consolid Projects Consulting Limited, Pramif International Limited, and Legend World Concepts Limited.

The serving Senator representing Imo West Senatorial District had during his time as Imo State governor allegedly converted to personal use proceeds from sales of state property lodged in the Joint State/Local government Project Account.

The anti-graft agency which says it plans to present about 13 to 15 witnesses in the trial alleges that the politician had used the five companies which are co-defendants in the suit to carry out the alleged crime.

After the defendants gave a not guilty plea, the trial judge, Inyang Ekwo adjourned till Tuesday 31 May for hearing on the bail application.