Ikeja Court Grants Emefiele Bail

The Ikeja Special Offences Court has granted bail to the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, in the sum of N50 million.

GWG.ng reports that Emefiele is facing charges of abuse of office and fraud amounting to 4.5 billion dollars and N2.8 billion, marking a pivotal moment in the legal proceedings against him.

Presiding over the court case, Justice Rahman Oshodi delivered the ruling, allowing Emefiele bail with two sureties in a similar amount. The sureties, as stipulated by the court, must be gainfully employed individuals with a minimum of three years of tax payment to the Lagos State Government.

Additionally, they must provide proper identification and be registered in the Lagos State Bail Management System.

Notably, Justice Oshodi expressed satisfaction with the bail conditions previously granted to the co-defendant with Emefiele, Henry Isioma-Omoil, in a separate case before another court. However, he mandated that the bail documents be transferred to the special offences court and registered in the Lagos State Bail Management System.

The charges brought against Emefiele by the Economic and Financial Crimes Commission (EFCC) include abuse of office, acceptance of gratifications, corrupt demand, receiving fraudulently obtained property, and conferring corrupt advantage. Meanwhile, his co-defendant faces allegations of accepting gifts by agents. Both defendants have pleaded not guilty to the charges.
Send Us A Press Statement Advertise With Us Contact Us

 And For More Nigerian News Visit GWG.NG