Former Central Bank Governor, Mr. Godwin Emefiele, who is facing charges of financial impropriety and corruption, has been granted bail by Justice Hamza Muazu of the Federal Capital Territory High Court Abuja.
This recent bail, set at N300 million with two sureties in like sum, requires the sureties to possess certificates of occupancy within Abuja’s upscale Maitama District.
Moreover, Emefiele must surrender his travel documents to the court registrar and remain within the Abuja Municipal Council as part of the bail conditions.
This development follows a previous bail grant of N20 million by the Federal High Court in Lagos four months ago.
The charges against Emefiele are linked to alleged irregularities and misconduct during his tenure as the Governor of the Central Bank of Nigeria (CBN).
More details later…
