The suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has been granted bail in the sum of N50 million by an Ikeja Special Offences Court. Emefiele is facing charges of abuse of office and fraud involving $4.5 billion and N2.8 billion.<\/p>\n
Justice Rahman Oshodi ruled that Emefiele could be released on bail with two sureties in like sum, who must be gainfully employed individuals with three years of tax payment to the Lagos State Government. The sureties are also required to provide proper identification and be registered in the Lagos State Bail Management System.<\/p>\n
Additionally, Justice Oshodi directed that the bail documents must be transferred to the special offences court and registered in the Lagos State Bail Management System. The judge also noted that he was satisfied with the bail conditions previously granted to Emefiele’s co-defendant, Henry Isioma-Omoil, at a Yaba High Court.<\/p>\n
Emefiele and his co-defendant were arraigned by the Economic and Financial Crimes Commission (EFCC) on charges related to abuse of office, corruption, and fraudulent activities. Both defendants pleaded not guilty to the charges.<\/p>\n
As proceedings continue, counsels are making applications for accelerated hearing and trial in the case.<\/p>\n","protected":false},"excerpt":{"rendered":"
The suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has been granted bail in the sum of N50 million by an Ikeja Special Offences Court. Emefiele is facing charges of abuse of office and fraud involving $4.5 billion and N2.8 billion. Justice Rahman Oshodi ruled that Emefiele could be released on bail with two […]<\/p>\n","protected":false},"author":14,"featured_media":26812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[172],"tags":[59],"class_list":["post-26789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-featured"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/26789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=26789"}],"version-history":[{"count":3,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/26789\/revisions"}],"predecessor-version":[{"id":26823,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/26789\/revisions\/26823"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/26812"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=26789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=26789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=26789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}