The former Central Bank Governor Godwin Emefiele has been granted bail in the sum of N50 million after facing charges related to alleged abuse of office.
Emefiele faced a 26-count charge, with accusations ranging from irregular allocation of funds to abuse of authority.
The charges against Emefiele highlight the alleged irregular allocation of $4.5 billion and N2.8 billion. These accusations have drawn significant attention, given Emefiele’s prominent role in the country’s central banking system.
Justice Rahmon Oshodi presided over the bail hearing today, where Emefiele was granted bail with two sureties each in N50 million.
More details later…
Read: WHO Warns of Escalated Crisis in Sudan
About The Author
Related Articles
Cotê D’Ivoire: Thousands Rally in Abidjan as Opposition Demands Electoral Reforms Ahead of October Election
Thousands of opposition supporters gathered in Abidjan on Saturday, May 31, to...
Togo Stops Issuing Mining Permits to Reform Outdated Mining Code
Togo has suspended the issuance of new mining permits for prospecting and...
ICYMI: Ghana Shuts Down Washington Embassy Over Visa Fraud Scandal
Ghana has temporarily closed its embassy in Washington, D.C., following the uncovering...
Confederation of Sahel States Moves to Establish Joint Judicial Body
The Confederation of Sahel States (CSS), comprising Mali, Niger, and Burkina Faso,...