Court Grants former CBN governor, Emefiele N300m Bail

Justice Hamza Muazu of the Federal Capital Territory High Court Abuja, has granted the immediate past Governor of the Central Bank, Mr Godwin Emefiele, bail in the sum of N300 million and two sureties in like sum.

The sureties must have certificates of occupancy and titles of properties within the Maitama District.

Emefiele is mandated to deposit all his travel documents with the registrar of the court and must remain within the Abuja Municipal Council.

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He is expected to remain in Kuje Correctional Centre pending when he meets the bail conditions.

Emefiele was absent Wednesday morning for the ruling on his bail application. His lawyer, Mr Mathew Burkaa, however, said it was normal, as he is already at the Kuje Correctional Centre.

This comes four months after the Federal High Court sitting in Lagos granted him bail in the sum of N20 million.

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