Connect with us

    Hi, what are you looking for?

    E-Financial

    Emefiele granted N300m bail in fresh criminal trial

    A Federal Capital Territory, FCT, High Court sitting in Maitama has granted former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, a N300 million bail.

    This comes following his arraignment on a four-count charge bordering on printing new Naira notes without observing due process.

    It was earlier reported that Emefiele pleaded not guilty when the charge brought against him by the Economic and Financial Crimes Commission, EFCC, was read in court today, May 15.

    Other conditions attached to the bail include that he should produce two sureties who must each possess titled property within the Maitama area of the FCT.

    Justice Anenih ordered the defendant to deposit his travel documents with the court, adding that he should not travel outside the country without the permission of the court.

    The judge adopted the conditions attached to a similar bail earlier granted Emefiele by Justice Hamza Muazu (another judge of the FCT High Court), before whom he is being tried on another criminal case.

    According to the judge, it would suffice if Emefiele was able to produce the certified true copies (CTCs) of the documents he submitted in fulfillment of the bail earlier granted by Justice Muazu.

    She adjourned till May 28 for the commencement of trial.

     

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published.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

    ad

    You May Also Like

    News

    The United States has reversed its visa restrictions on Ghana after the West African country agreed to accept west Africans deported by the United...

    Oil and Gas

    The industrial dispute between the Dangote Petroleum Refinery and the Petroleum and Natural Gas Senior Staff Association of Nigeria took a dramatic turn on...

    E-Financial

    Shareholders of Unity Bank Plc have approved the proposed merger with Providus Bank Limited, marking a major milestone in the business combination of the...

    World

    Late-night host Jimmy Kimmel didn’t hold back in mocking President Donald Trump after Trump claimed he was the target of “triple sabotage” during his...