Just In: Abuja Court Grants Emefiele Bail


The Federal Capital Territory High Court Abuja has granted the immediate past Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, bail on conditions after his arraignment by the Federal Government on allegations of procurement frauds during his tenure.

Although the ruling was delivered in the absence of the ex-governor who has since been remanded at the Kuje Correctional Centre where he would be until the bail applications were perfected.

In the ruling delivered on Wednesday, Justice Hamza Muazu stated that Emefiele must provide two sureties and with the sum of N300 million in like sum.

Aside from that, the judge ruled that the two sureties must have certificates of occupancy and titles of properties within the Maitama District, Abuja

Also, the former apex bank governor was mandated by the court to deposit all his travel documents with the court registrar and must remain within the Abuja Municipal Council.

Speaking on his absence, Emefiele’s lawyer, Mathew Burkaa, explained that it was normal for him to be absent since he was already inside the Kuje Correctional Centre.

The ruling came barely four months after the Federal High Court sitting in Lagos granted him bail in the sum of N20 million.

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