For N270m fraud, court grants former Governor of Imo State N270m bail


Today, a Federal High Court in Abuja granted Ikedi Ohakim, N270m bail for a N270m fraud he allegedly perpetrated in 2008. Yesterday, The EFCC had arraigned him on 3 counts of fraud, including making cash payment of $2.29m ( N270m ) for a
property in Asokoro, Abuja.

He allegedly collaborated with Tweenex Consociates H.D. Ltd. to conceal the ownership of the property by drafting an agreement portraying him as a tenant in the house. He was also accused of failing to declare the house as part of his assets while under EFCC arrest in November 2008.

He is to produce a surety resident in Abuja to guarantee the bail. Justice Adeniyi Ademola was silent on where he should remain pending when he would meet the bail conditions….. bt a boys quarter in Aso Rock looks like d most likely place….

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