BREAKING: Court Grants Ex-CBN Governor Godwin Emefiele Bail, Details Emerge

• A federal high court has granted N300 million bail to former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele
• Justice Hamza Muazu gave the ruling with the order that Emefiele should produce two sureties with landed property in the Maitama District
• Emefiele was also ordered to remain within the Abuja Municipal Council and submit all his travel documents with the court registrar

Legit.ng journalist Adekunle Dada has over 5-year-experience covering metro and government policy

FCT, Abuja -A former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been granted N300 million bail.

Justice Hamza Muazu of the High Court in the Federal Capital Territory (FCT) in Maitama gave the ruling on Wednesday, November 22, The Nation reported.

Justice Muazu held that Emefiele should produce two sureties, who must have landed property in the Maitama District of the FCT.

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Meanwhile, Emefiele was not in court during the day's proceedings.

The court adjourned till November 28 for the commencement of trial.

As reported by TheCable, Emefiele is to submit all his travel documents with the court registrar and must remain within the Abuja Municipal Council.

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

Court sends Emefiele to Kuje Prison

Meanwhile, Legit.ng reported that the high court sitting in the Federal Capital Territory (FCT) in Maitama, Abuja, on Friday, November 17, ordered the remand of Emefiele in Kuje correctional facility pending ruling on his bail application.

Justice Muazu issued the order following Emefiele's arraignment and his plea of not guilty to a six-count amended charge brought against him by the Economic and Financial Crimes Commission (EFCC)

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Emefiele wass accused of abuse of office among others by the Bola Tinubu's government.

FG reduces charges against Emefiele

The federal government earlier reduced the fraud charges it filed against the embattled former CBN governor

The Tinubu-led government reduced the charges, which were initially 20 to six. The charges bordered on alleged procurement.

Emefiele and one other female employee of the CBN, Sa’adatu Yaro, and her firm, April 1616 Investment, were charged together in August.

Source: Legit.ng