BREAKING: Ex-CBN Governor Emefiele Gets Another Bail with 5 Conditions

Justice Rahman Oshodi of an Ikeja Special Offences Court granted embattled former Central Bank of Nigeria (CBN) Governor Godwin Emefiele N50m bail on Friday, April 12.

Emefiele is facing a 26-count charge involving alleged abuse of office and fraud amounting to $4.5 billion and N2.8 billion.

Ikeja court grants N50 million bail to Emefiele
Photo Credit: Godwin EmefieleSource: Twitter

Justice Oshodi, in his ruling, admitted Emefiele to N50 million bail with two sureties in like sum.

Oshodi ordered that the sureties must be gainfully employed and must have made three years’ worth of tax payments to the Lagos State Government.

He also said that the sureties must show proper identification and be registered in the Lagos State Bail Management System.

The judge said he was satisfied with the N1 million bail conditions earlier given to Emefiele’s co-defendant, Henry Isioma-Omoil. He is facing another charge before Justice Olufunke Sule-Hamzat of Yaba High Court.

Oshodi, however, said the bail documents must be transferred to a special offences court and registered in the Lagos State Bail Management System.

Source: TheTalk.NG

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