Federal High Court Arraigns & Grants Suswam, Okolobia N100m Bail Each.

A Federal High Court sitting in Abuja today arraigned and granted bail to former Benue State Governor Gabriel Suswam.Suswam is standing trial alongside Mr Omodachi Okolobia, the former Commissioner of Finance in the state, are for alleged mismanagement of over 3.1 billion naira belonging to Benue State.

The court granted them bail in the sum of 100 million naira each and one surety each who shall be not less than a Director, Grade Level 12 in the employment of the federal, state or local government.

Each surety shall swear an affidavit of means while the two accused persons are to submit their travel documents in the custody of the court.

Trial has been set for December 8 and 9, while bail was not opposed by the Economic and Financial Crimes Commission, EFCC.

Mr Suswam and Okolobia were alleged to have diverted the proceeds of the sale of shares owned by the Benue State Government and Benue Investment and Property Company Limited.

The offence is punishable under Section 15, Subsection 3 of the Money Laundering (Prohibition) Act as amended in 2012.