A Federal Capital Territory High Court in Abuja on Wednesday granted a former Governor of the Central Bank, Godwin Emefiele, bail.
He was granted bail in the sum of N300m and two sureties in like sum.
Ruling on his bail application on Wednesday, Justice Hamza Muazu said the sureties must have Certificates of Occupancy and titles of property within the Maitama District.
He also ordered Emefiele to deposit all his travel documents with the registrar of the court and to remain within the Abuja Municipal Area Council.
Muazu held that the former CBN governor be kept in Kuje Correctional Centre till he meets the bail conditions.
Emefiele is standing trial for alleged procurement fraud.
The Federal Government had initially preferred 20 charges of procurement fraud to the tune of N6.5 billion against the former CBN governor.
But the FG reduced the charges to six to the tune of N1.2bn, which he was arraigned on last Friday.
Muazu, at the last proceeding, remanded Emefiele in Kuje prison pending his ruling on the former CBN governor’s bail application.
He adjourned the matter till November 28 for the commencement of trial.
Fuel importers are set to increase the depot price of petrol from N1,230 per litre…
Yakubu Busari Community leaders under the umbrella of the Anguwan Rukuba Concerned Group have distanced…
A man identified as Amos Paul is in police custody in Ondo State over allegations…
The Federal Government has released the results of the 2026 National Common Entrance Examination, with…
The Senate Committee on Public Accounts has given the external auditors of the Nigerian National…
There was drama in the Senate on Thursday after Senate President Godswill Akpabio brought up…
This website uses cookies.