753 Abuja Duplexes: Court Grants Former CBN Governor Emefiele ₦2bn Bail With Conditions

• A former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been granted a ₦2 billion bail
• Justice Halilu Yusuf of the Federal Capital Territory High Court granted Emefiele bail on Monday, June 16, 2025
• According to Justice Yusuf, Emefiele would be remanded in custody if he fails to meet his bail conditions

Legit.ng journalist Adekunle Dada has over 8 years of experience covering metro, government policy, and international issues

FCT, Abuja - The Federal Capital Territory High Court has granted bail at ₦2 billion to a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

Justice Halilu Yusuf granted Emefiele N2 billion bail on Monday, June 16, 2025.

Emefiele was arraigned on an eight-count charge of unlawfully acquiring a housing estate comprising 753 units, allegedly stealing and taking control of billions of naira in proxy accounts among others.

As reported by Channels Television, Justice Yusuf ruled that Emefiele had been granted bail in three other criminal cases pending against him.

The judge noted that there was no evidence that Emefiele had jumped bail.

The court granted Emefiele bail on the condition that he must produce two sureties, who must own property worth ₦ 2 billion in either Asokoro, Maitama, or Wuse 2 within the jurisdiction of the court.

Justice Yusuf ordered Emefiele to submit his travel documents to the court and directed that he must perfect the bail by Wednesday, June 18, 2025.

The judge added that Emefiele would be remanded in custody if he failed to meet the conditions.

The ruling was on the bail application moved by Emefiele’s lawyer, Matthew Burkaa, and was not objected to by the prosecuting lawyer, Rotimi Oyedepo.

The prosecuting lawyer urged the court to impose additional conditions different from the ones earlier given by the other courts.

Witness uncovers how Emefiele took $17.1m cash

Recall that EFCC operative testified that Emefiele allegedly received $17.1 million in cash via a proxy between 2020 and 2023.

Evidence includes WhatsApp messages and witness testimony showing cash transfers from a dispatch rider to Emefiele’s associate, Henry Omoile.

Emefiele faces 19 corruption charges totaling $4.5 billion and N2.8 billion; the trial was adjourned to October 7 and 8, 2025, for continuation.

Court orders forfeiture of $4.7m, N830m, properties linked to Emefiele

Meanwhile, Legit.ng reported that the High Court in Lagos granted the final forfeiture of $4.7 million, N830 million, and multiple properties linked to Emefiele.

In his ruling, Justice Yellim Bogoro held that the funds and properties were proceeds of unlawful activities and must be forfeited to the Nigerian government.

The Economic and Financial Crimes Commission (EFCC) secured the forfeiture after the respondents failed to prove the legitimacy of the assets.

Source: Legit.ng