BREAKING: Court Grants N300M Bail On Godwin Emefiele | READ DETAILS
A former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been granted a N300million bail by a Federal Capital Territory High Court in Abuja.
Emefiele who is facing procurement fraud charges was granted bail on Wednesday with two sureties in like sum.
In his ruling, Justice Hamza Muazu stressed that 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 ordered that the former CBN governor be kept in Kuje Correctional Centre till he meets the bail conditions.
The Federal Government had initially preferred 20 charges of procurement fraud to the tune of N6.5 billion against the former CBN governor and later reduced it to six to the tune of N1.2bn.
