BREAKING: Godwin Emefiele to Remain in Prison, Details Emerge

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 failed to meet his bail conditions.

Emefiele will remain in the Kuje Correctional Centre pending when he meets his N300m bail conditions.

As reported by TVC News, the court adjourned the case to January 18, 2024, for the continuation of the trial.

Court grants Godwin Emefiele bail

Earlier, Legit.ng reported that Justice Hamza Muazu of the High Court in the Federal Capital Territory (FCT) in Maitama granted Emefiele a N300 million bail on Wednesday, November 22.

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The court held that Emefiele sho uld produce two sureties, who must have landed property in the Maitama District of the FCT.

Emefiele is to submit all his travel documents to the court registrar and must remain within the Abuja Municipal Council.

Court sends Emefiele to Kuje rison

The court November 17, ordered the remand of Emefiele in Kuje correctional facility pending a ruling on his bail application.

Justice Muazu issued the order on Friday morning 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).

Emefiele is accused, among others, of abuse of office by President Bola Ahmed Tinubu's government.

FG reduces charges against Emefiele

Legit.ng also reported that the federal government reduced the fraud charges it filed against the embattled former governor of the Central Bank of Nigeria.

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The federal 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