Home News FG vs Emefiele: Court grants Ex-CBN Governor 300m bail
News

FG vs Emefiele: Court grants Ex-CBN Governor 300m bail

562

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

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

NewsTravel

Burkina Faso and Italy Sign Visa Exemption Agreement for Holders of Official Passports

Burkina Faso and Italy have taken a significant step toward strengthening bilateral...

NewsSecurity

EFF Raises Concerns Over Gun Violence in U.S. Ahead of 2026 FIFA World Cup

The Economic Freedom Fighters (EFF) has voiced deep concern over the escalating...

EducationNews

Nigeria Overhauls Technical Education Curriculum To Include Livestock, Aquaculture, Welding, And Fashion Design

The Federal Government of Nigeria has announced a reform of technical education,...

Ethiopia Inaugurates Africa’s Largest Hydroelectric Dam
NewsPolitics

Ethiopia Inaugurates Africa’s Largest Hydroelectric Dam

Ethiopia, a landlocked country located in the Horn of Africa region of...