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Court Grants Ex-CBN Governor, Godwin Emefiele N50m Bail

Posted by Lawal Munirst on April 12, 2024 0

Emefiele is facing a 26-count charge bordering on alleged abuse of office and fraud to the tune of $4.5 billion and N2.8 billion.

The embattled former Central Bank of Nigeria (CBN) Governor Godwin Emefiele has been granted N50m bail.

The bail was granted by Justice Rahman Oshodi of an Ikeja Special Offences Court on Friday, according to TheNation.

Emefiele is facing a 26-count charge bordering on alleged abuse of office and fraud  to the tune of $4.5 billion and N2.8 billion.

Justice Oshodi, in his ruling, admitted Emefiele to N50 million bail with two sureties in like sum.

Oshodi ordered the sureties must be gainfully employed and must have made three years tax payment with the Lagos State Government.

He also said that the sureties must show proper identification and that they must be registered in the Lagos State Bail Management System.

The judge said  he was satisfied  with the bail conditions of N1 million, earlier given  to  Emefiele’s co-defendant, Henry Isioma-Omoil, who is facing another charge before Justice Olufunke Sule-Hamzat  of Yaba High Court.

Oshodi, however, said the  bail documents must  be transferred to special offences court and registered in the Lagos State Bail Management System.

Details Shortly…

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