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High Court Grants N300m Bail To Former CBN Governor Emefiele Amid Fresh Criminal Trial
High Court Grants N300m Bail To Former CBN Governor Emefiele Amid Fresh Criminal Trial
In a dramatic turn of events, the Federal Capital Territory (FCT) High Court in Maitama has granted former Central Bank of Nigeria (CBN) Governor Godwin Emefiele a bail of N300 million in connection with a fresh criminal trial. Emefiele stands accused of allegedly overseeing the printing of new Naira notes without adhering to due process.....KINDLY READ THE FULL STORY HERE▶
Emefiele, who previously pleaded not guilty to the four-count charge leveled against him by the Economic and Financial Crimes Commission (EFCC), secured bail with stringent conditions. Alongside the substantial financial bail, he is required to produce two sureties, each possessing titled property within the Maitama area of the FCT.
Further stipulations dictate that Emefiele must surrender his travel documents to the court and seek permission before leaving the country. These conditions mirror those set forth in a previous bail granted to him by Justice Hamza Muazu, another judge overseeing a separate criminal case against Emefiele.
Justice Anenih, presiding over the current trial, emphasized the importance of adhering to the conditions set by Justice Muazu, indicating that Emefiele’s compliance with the terms of his previous bail would suffice.
The trial is scheduled to commence on May 28, marking a critical juncture in the legal proceedings against the former CBN governor. As Emefiele navigates this latest legal battle, the outcome remains uncertain, with the eyes of the nation fixed on the unfolding saga.
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