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
Mali Raises $56M from Telecom Taxes, Channels Bulk Toward Power Supply Upgrades
The Government of Mali has announced that a total of 34 billion...
Ghana’s Foreign Minister Debunks “Igbo Kingdom in Ghana” Claim, Calls for Pan-African Solidarity
Ghana’s Minister for Foreign Affairs, Sam Ablakwa has officially debunked viral claims...
Burundi’s President Ndayishimiye Appointed as African Union Special Envoy for Sahel Region
The Chairman of the African Union (AU), H.E. João Lourenço, has appointed...
Burkina Faso’s August 4 Stadium Reopens After Major Renovation and CAF Reaccreditation
After four years of absence from the international football scene, Burkina Faso...