A HIgh Court of the Federal Capital Territory (FCT) on Monday granted bail at N2billion to a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.
Justice Halilu Yusuf, in a ruling, granted the bail after Emefiele was arraigned on an eight-count charge in which he is accused of among others, unlawfully acquiring a housing estate comprising 753 units, allegedly stealing and taking control of billions of naira in proxy accounts.
Justice Yusuf noted that Emefiele had been granted bail in three other criminal cases pending against him and that there was no evidence that he had jumped bail.
He then proceeded to admit the ex-CBN governorto bail on the condition that he must produce two sureties, who must own property worth N2billion in either Aolsoko, Maitama or Wuse 2 within the jurisdiction of the court.
Justice Yusuf ordered Emefiele to submit his travel documents to the court and directed that he must perfect the bail by next Wednesday, failing which he would be remanded in custody.
The ruling was on the bail application moved by his lawyer, Matthew Burkaa (SAN), which was not objected to by prosecuting lawyer, Rotimi Oyedepo (SAN), who urged the court to impose additional conditions deferent from the ones earlier given by the other courts.
Madukwe B. Nwabuisi is an accomplished journalist renown for his fearless reporting style and extensive expertise in the field. He is an investigative journalist, who has established himself as a kamikaze reporter.
