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Reading: Court remands Emefiele in EFCC custody over $4.5bn, N2.8bn fraud
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Nigerian News, Politics, Business, Economy, Investment, Entertainment and Sports. > Blog > Economy > Court remands Emefiele in EFCC custody over $4.5bn, N2.8bn fraud
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Court remands Emefiele in EFCC custody over $4.5bn, N2.8bn fraud

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Last updated: April 8, 2024 2:42 pm
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2 years ago
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Justice Rahman Oshodi of the Lagos State Special Offences Court in Ikeja, Monday, remanded the immediate-past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in the custody of the Economic and Financial Crimes Commission (EFCC).

Emefiele, who pleaded not guilty to a fresh 26-count charge bordering on abuse of office, is to remain in the custody of the anti-graft agency pending the determination of his bail application on Thursday.

Justice Oshodi made the decision after Emefiele and his co-defendant, Herry Omoile, pleaded not guilty to a fresh 26-count charge bordering on abuse of office brought against his by EFCC.

However, his co-defendant, Herry Omoike, was reminded in the custody of the Nigerian Correctional Services.

The defence lawyer, Abdulakeem Ladi-Lawal, urged the court to admit his client to bail on self-recognition or on the most liberal terms.

The lawyer particularly urged the court to impose the same bail conditions earlier granted to the defendant by Justice Hamzat Muazu of the Federal Capital Territory (FCT) High Court in Abuja and that he be released to his lawyers pending the perfection of the bail terms.

Reacting, counsel to the commission, Rotimi Oyedepo (SAN), did not oppose the bail application.

He, however, urged the judge to impose conditions that would compel the defendants to come to court for their trial.

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TAGGED:Court RulingsEFCC (Economic and Financial Crimes Commission)FEDERAL GOVERNMENT OF NIGERIAlaw enforcementlegal proceedings
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