Court grants Emefiele ₦2billion bail

Jun 16, 2025 - 16:30
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Court grants Emefiele ₦2billion bail

A outmoded governor of the Central Monetary institution of Nigeria (CBN), Godwin Emefiele, used to be on Monday granted ₦2 billion in bail by a Federal High Court deem sitting in Abuja.

The eight-count payment against Emefiele incorporated allegedly stealing and seizing billions of naira from proxy accounts, as well to illegally obtaining a housing property with 753 units.

In his ruling, Justice Halilu Yusuf talked about that Emefiele had been granted bail in three assorted criminal instances that had been aloof pending against him and that there used to be no proof that he had jumped bail.

Following that, the deem gave Emefiele bail, nonetheless simplest if he could assemble two sureties who had been the owners of Asokoro, Maitama, or Wuse 2 property that used to be underneath the court docket’s jurisdiction and had a minimal payment of ₦2 billion.

He additionally told Emefiele to expose in his dart paperwork to the court docket and that he could be remanded in custody if he didn’t full the bail by Wednesday.

Emefiele lawyer, Matthew Burkaa, filed the bail software program, which used to be granted.

Prosecutor Rotimi Oyedepo did now not expand any objections, nonetheless he did ask the court docket to impose special necessities that had been assorted from what the varied courts had previously granted.