FG vs Emefiele: Court grants Ex-CBN Governor 300m bail
Oluwasegun SanusiNovember 29, 20231 Mins read494 
The former Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has been granted bail by an Abuja High Court sitting at Maitama, on Wednesday 23, November 2023.
However, Emefiele will remain in Kuje Correctional Centre till he meets the bail conditions.
The bail is set at N300 million, and he is required to produce two sureties who must be residents of the Federal Capital Territory, Abuja, and have landed property within the Maitama District.
Recall that Emefiele is standing trial on six counts bordering on procurement fraud to the tune of N1.2bn.
Justice Hamza Muazu delivered the ruling and set November 28 for the commencement of the full-blown hearing on the six-count charge filed by the Economic and Financial Crimes Commission (EFCC) against Mr. Emefiele.
Earlier, the court had ordered Mr Emefiele to surrender all his travelling documents.
Read: The End Of A Legacy
About The Author
Related Articles
Tinubu Government Delays Release of Signed Tax Acts to the Public
Four days after President Bola Tinubu announced the signing of four tax...
As Tinubu Urges Africa-Caribbean Unity in Saint Lucia, Over 272 Nigerians Killed in June Alone
While Nigerians deal with deadly violence, worsening hunger, and mass flooding, President...
You Can’t Tax a Dead Economy: Nigeria Is Suffocating Under Its Own Policies
As Nigeria’s Central Bank clings to its benchmark interest rate of 27.5...
“Wike is Not a Blessing to Us, He’s a Disaster” — Workers Protest in Nigeria’s Capital Over Unpaid Wages, Poor Working Conditions
Staff members of the Federal Capital Territory Administration (FCTA) in Abuja barricaded...
Leave a comment