Connect with us

Hi, what are you looking for?

News

Court Grants Emefiele N300m Bail

Godwin-Emefiele-CBN-Governor

Justice Hamza Muazu of the Federal Capital Territory High Court Abuja has granted the immediate past Governor of the Central Bank, Godwin Emefiele, bail in the sum of N300 million and two sureties in like sum.

Delivering judgment in his bail application today November 22, the court ruled that the sureties must have certificates of occupancy and titles of properties within the Maitama District. The court also ordered Emefiele to deposit all his travel documents with the registrar of the court and must remain within the Abuja Municipal Council.

He is expected to remain in Kuje Correctional Centre pending when he meets the bail conditions.

Emefiele was absent in court during the hearing of his bail application. His lawyer, Mr Mathew Burkaa, however, said it was normal, as he is already at the Kuje Correctional Centre.

Emefiele is standing trial for alleged procurement fraud. The Federal Government had initially preferred 20 charges of procurement fraud to the tune of N6.5 billion against the former CBN governor. However, the FG reduced the charges to six to the tune of N1.2bn, which he was arraigned on last Friday

Click to comment

Leave a Reply

Your email address will not be published.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

ad

You May Also Like

News

Samson Aminu, also known as Smile, has described the Smart Treasure Investment Team (ST Team) as a transformative force that has empowered its members...

News

A BBC investigation has uncovered a widespread immigration scam targeting foreign nationals seeking employment in the UK care sector, with recruitment agents, including a...

World

United States Democratic Party has urged a US court to block President Donald Trump’s executive order overhauling the election system, arguing that the changes...

News

National Institute for Policy and Strategic Studies (NIPSS) has predicted that the price of Premium Motor Spirit (petrol) will decline as Dangote Refinery and...