By Adenike Lawal
A Federal High Court on Monday granted bail to former Central Bank of Nigeria (CBN), Governor, Godwin Emefiele, under stringent conditions reflecting the weight of the charges against him.
The court ruled that Emefiele must provide two sureties, each owning landed properties valued at no less than ₦2 billion.
Additionally, the sureties must sign a binding undertaking to be remanded in custody should Emefiele fail to appear for trial.
He was given 72 hours to meet the bail conditions or face immediate remand in prison pending the commencement of his trial.
Emefiele is facing multiple charges stemming from his tenure as head of Nigeria’s apex bank, with the court’s ruling underscoring the judiciary’s firm stance on accountability.
