Friday April 12, 2024 - A high court sitting in Ikeja, Lagos, has granted bail to former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in the sum of N50 million.
In his ruling on the bail application on
Friday, April 12, the judge, Rahmon Oshodi, admitted Emefiele on bail with two
sureties in like sum.
Oshodi held that the sureties must be
gainfully employed and have paid the three years’ tax of the Lagos State
government. He also ordered that the sureties must show proper identification
and be registered in the Lagos State Bail Management System.
Emefiele is facing trial in Lagos on a
26-count charge bordering on abuse of office. He had earlier pleaded not
guilty to a 26-count charge bordering on abuse of office brought against him by
the Economic Financial Crimes Commission, EFCC.
The Lagos State Special Offences Court
sitting in Ikeja on Monday, April 8, remanded the former governor of the CBN in
the custody of the EFCC, following his arraignment.
Justice Rahman Oshodi made the remand order
after Emefiele and his co-defendants, Herry Omoile, pleaded not guilty to a
26-count charge bordering on abuse of office brought against them by the
EFCC.
Emefiele had remained behind bars until
today, Friday, April 12, when the Judge granted his bail application.
The judge remanded Omoile in the custody of
the Nigerian Correctional Services.
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