A Federal High Court sitting in Lagos has dismissed an application brought by convicted former governor of Abia State, Orji Uzor Kalu, seeking bail pending his appeal of a 12 year sentence for money laundering.
The court ruled that the application bail lacked merit and ordered that Kalu remained in the correctional custody until his appeal is heard.
On December 17, Kalu applied for bail on the grounds of Ill health and the need the represent his constituency at the Senate, where he is Chief Whip.
Mr. Kalu was found guilty on 5 December of N7.56 billion fraud by Justice Mohammed Idris of Federal High Court sitting in Lagos.
Kalu’s company, Slok Nigeria Limited, which prosecution proved he used to defraud Abia State was forfeited to the Federal Government of Nigeria and the EFCC has begun the process of winding up the company and seizing assets.
His aide, Jones Ude who was the Director Of Finance in the Abia State House was sentenced to a five-year jail term.
Justice Idris described money laundering offence as a crime against humanity.
Details as it unfolds.