Justice Rahmon Oshodi on Friday granted bail to the embattled former Central Bank Governor, Godwin Emefiele, in the sum of N50 million.
Emefiele faces charges encompassing 26 counts, relating to alleged abuse of office and irregular allocation of $4.5 billion and N2.8 billion, respectively.
As part of the bail conditions, Emefiele is required to provide two sureties in like sum.
The embattled ex-CBN Governor has been facing several charges filed against him by the federal government since he left office.
In each case, he would claim he was innocent.
However, the court has yet to determine and decide any of the cases brought against him.
Justice Oshodi, in his ruling, admitted Emefiele to N50 million bail with two sureties in like sum.
Oshodi ordered the sureties must be gainfully employed and must have made three years tax payment with the Lagos State Government.
He also said that the sureties must show proper identification and that they must be registered in the Lagos State Bail Management System.
The judge said he was satisfied with the bail conditions of N1 million, earlier given to Emefiele’s co-defendant, Henry Isioma-Omoil, who is facing another charge before Justice Olufunke Sule-Hamzat of Yaba High Court.
Oshodi, however, said the bail documents must be transferred to special offences court and registered in the Lagos State Bail Management System.
Details Shortly…
