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A high court sitting in Ikeja, Lagos, has granted bail to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), in the sum of N50 million.
Emefiele is facing a 26-count charge bordering on alleged abuse of office and fraud to the tune of $4.5 billion and N2.8 billion.
Rahmon Oshodi, the judge, in his ruling on the bail application on Friday, admitted Emefiele on bail with two sureties in like sum.
Oshodi ordered the sureties must be gainfully employed and must have made three years tax payment with the Lagos State Government.
He also said that the sureties must show proper identification and that they must be registered in the Lagos State Bail Management System.
The judge said he was satisfied with the bail conditions of N1 million, earlier given to Emefiele’s co-defendant, Henry Isioma-Omoil, who is facing another charge before Justice Olufunke Sule-Hamzat of Yaba High Court.
Oshodi, however, said the bail documents must be transferred to special offences court and registered in the Lagos State Bail Management System.
Details Shortly…
