Bail in the amount of N300 million has been granted to Mr. Godwin Emefiele, the former governor of the Central Bank, along with two sureties in an equivalent amount.
On Wednesday, the Federal Capital Territory High Court in Abuja’s Justice Hamza Muazu allowed this.
The homes in the Maitama District, an upscale neighborhood in Abuja, must be owned by the sureties with certificates of occupancy.
Emefiele’s bail requirements include his having to stay inside the Abuja Municipal Council and giving up all of his travel documents to the court registrar.
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This most recent bail award came four months after he was granted N20 million in bail by the Federal High Court in Lagos.
Emefiele is being accused of corruption and financial misconduct. The allegations are related to his tenure as the Governor of the Central Bank of Nigeria (CBN).
More will come.
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