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BREAKING: Court grants Emefiele N300m bail


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The embattled former Governor of the Central Bank of Nigeria ( CBN), Mr Godwin Emefiele has been granted a N300 million bail following his arraignment on a four-count charge of printing new naira notes without the necessary approval.

Mr Emefiele pleaded not guilty to the allegation of approving the printing of N684.5 million at the rate of N18.96 billion when the charge was read.

He said this during his arraignment by the Economic and Financial Crimes Commission on Wednesday before the presiding judge, Justice Maryann Anenih of the FCT High Court, Abuja.

Other conditions attached to the bail include that he should produce two sureties who must each possess titled property within the Maitama area of the Federal Capital Territory (FCT).

Justice Anenih ordered the defendant to deposit his travel documents with the court and should not travel outside the country without the permission of the court.

Also, the judge adopted the conditions attached to a similar bail earlier granted Emefiele by Justice Hamza Muazu (another judge of the High Court of the FCT), before whom he is being tried on another criminal case.

She however, adjourned till May 28 for the commencement of trial.

More details to follow…..



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