FG vs Emefiele: Court grants Ex-CBN Governor 300m bail
Oluwasegun SanusiNovember 29, 20231 Mins read1.1k 
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 Spends Trillions on Coastal Highway While Ayetoro Sinks Into the Atlantic
The Atlantic Ocean is swallowing Ayetoro, a fishing community of about 10,000...
Mahama Orders Payment for Ghana’s Crude Oil in Cedis to Ease Pressure on Local Currency
Ghana’s President John Mahama has ordered a review of the dollar payment...
Kogi State Has N820 Billion Budget for 2026, Yet Schools Have No Roofs and Roads Are Death Traps
A visit to Kogi State has laid bare the shocking reality of...
Niger Signs $1.9 Billion Deal for West Africa’s Third-Largest Refinery
Niger has signed a $1.9 billion agreement to build a 100,000-barrel-per-day refinery...
Leave a comment