Wednesday 22 November 2023

Emefiele Granted N300 Million Bail, Details Emerge

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A High Court of the Federal Capital Territory (FCT) in Maitama has granted bail in the sum of N300 million to former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

In a ruling today, Wednesday November 22, 2023 
Justice Hamza Muazu held that Emefiele should produce two sureties, who must have landed property in the Maitama District of the FCT.

 Emefiele was not in court during today’s proceedings, having been remanded at Kuje Prison last week.

Another FCT High Court had two weeks ago ordered his release in a fundamental human rights suit he instituted against the federal government.

The court adjourned till November 28 for the commencement of trial.

 Emefiele is to submit all his travel documents with the court registrar and must remain within the Abuja Municipal Council. He is expected to remain in Kuje Correctional Centre pending when he meets the bail conditions.


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