Lagos - The Federal High Court Abuja is later today scheduled to rule on the bail application by former Imo State governor, Ikedi Ohakim, who is facing charges of money laundering.
Ohakim was on Wednesday arraigned before the courts on a three-count charge following his arrest by operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday.
The accused, is facing prosecution for, among other things, making a cash payment to the tune of $2,29 million for the improper purchase of a property in Abuja.
The amount is the threshold approved for an individual going by the provisions of Section 1 of the Money Laundering (Prohibition) Act 2004.
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He is also accused of deliberately neglecting to disclose all his assets in the declaration submitted to the Commission.
The accused is pleading not guilty to all the charges.
In view of his pleas, prosecution counsel, Festus Keyamo, prayed the court to remand the accused person in prison custody pending trial.
Justice Ademola Adeniyi ordered the accused to be remanded in the EFCC custody and adjourned the hearing on the bail application to today.
Ohakim was governor between for four years until May 2011.
- CAJ News