A Federal Capital Territory High Court in Abuja has granted bail to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele in the sum of ₦2 billion.
Justice Halilu Yusuf granted the bail after Emefiele was arraigned on an eight-count charge accusing him of unlawfully acquiring a housing estate comprising 753 units and allegedly stealing and taking control of billions of naira in proxy accounts.
The court ordered Emefiele to produce two sureties who must own property worth ₦2 billion in either Asokoro, Maitama, or Wuse 2 within the jurisdiction of the court.
Emefiele was also directed to submit his travel documents to the court and must perfect the bail by Wednesday, failing which he would be remanded in custody.
The ruling came after Emefiele’s lawyer moved a bail application, which was not objected to by the prosecution, although they urged the court to impose additional conditions.
