The Federal High Court in Port Harcourt, on Wednesday, granted N100m bail to a member of the House of Representatives, Dr. Chinyere Igwe, who is facing money laundering charges.
Igwe, who represents Port Harcourt Federal Constituency 2 in the National Assembly, was on the eve of the presidential election arrested with $498,100 cash.
The police arraigned him before Justice Stephen Daylop-Pam on money laundering charges.
He pleaded not guilty and subsequently filed an application for bail.
In a ruling on Wednesday, Justice Daylop-Pam granted him N100m bail.
The judge adjourned till May 4 for commencement of trial.
Igwe is one of the top Rivers State politicians who fell out of favour with the Governor Nyesom Wike.
Wike, who is a member of the Peoples Democratic Party, had refused to back the party's presidential candidate, Atiku.