A former Central Bank of Nigeria CBN Governor, Mr Godwin Emefiele has been released from the Kuje Custodial Centre, Abuja.
A spokesperson for the centre, Amos Duza, confirmed the development on Saturday, saying that Emefiele was released on Friday, December 22, after his lawyers were able to perfect his bail.
Justice Hamza Muazu granted the bail of N300 million with two sureties in like sum.
The former CBN chief was on November 18 arraigned on a six-count charge bordering on procurement fraud and using his position to confer a corrupt advantage on Sa’adatu Yaro, a staff of CBN, by awarding a contract for the procurement of 43 vehicles worth N1.2 billion between 2018 and 2020.
While he was remanded in Kuje, Emefiele was mandated to deposit all his travel documents with the registrar of the court and must remain within the Abuja Municipal Area Council, AMAC.
Emefiele whose time in office is also being investigated has been accused of embezzling billions of naira and committing other gross financial offences alongside other persons by the Special Investigator probing the CBN, Jim Obazee four months after it commenced.
Obazee’s report which was submitted to President Bola Tinubu on December 9, 2023, indicated that Emefiele who was in office from June 2014 to June 2023, engaged “in fraudulent cash withdrawal of $6.23 million”, and perpetrated fraud in the redesign of the naira, while he allegedly kept 543.4 million pounds in the United Kingdom.
