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Home Central Bank of Nigeria

Emefiele released from prison

Nigerian Canadian Newspaper Canada by Nigerian Canadian Newspaper Canada
December 23, 2023
in Central Bank of Nigeria
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Former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has regained his freedom.

Emefiele met his bail conditions and has been released from the Kuje Correctional Centre.

The spokesperson for the Kuje Correctional Centre, FCT, Adamu Duza, confirmed tEmefiele’s release.

Adamu said: “I can confirm to you that he (Emefiele) has met his bail conditions, hence he has no reason to remain in our facility.

“He met his bail condition and was released past 2pm yesterday.”

A Federal Capital Territory High Court had granted N300m bail to Emefiele, who is being prosecuted for alleged procurement fraud.

Justice Hamza Muazu granted the bail with two sureties in like sum.

The judge said the sureties must possess Certificates of Occupancy and titles of properties within the Maitama District of Abuja.

Also, he ordered Emefiele to deposit all his travel documents with the registrar of the court, adding that he must remain within the Abuja Municipal Area Council.

The judge, however, ordered that Emefiele remain in Kuje Correctional Centre till he meets the bail conditions.

The judge rejected the objection by the Economic and Financial Crimes Commission to Emefiele’s bail application and disagreed with the anti-graft agency that the ex-CBN governor was a flight risk and could jump bail, jeopardize investigation or threaten the security of the country if granted bail.

After granting the bail application, Justice Muazu adjourned the commencement of trial till November 28l.

Emefiele stood trial on six counts which border on procurement fraud to the tune of N1.2bn.

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