Lagos High Court grants Godwin Emefiele N50m bail

Date:

Share post:

The Lagos High Court sitting in Ikeja has granted bail to a former Central Bank (CBN) governor Godwin Emefiele.

Justice Rahman Oshodi granted him bail in the sum of N50m with two sureties in like sum.

The court also held that the sureties must be gainfully employed and have three years of tax payment with the Lagos State Government.

Justice Oshodi said that the sureties must show proper identification and they must be registered in the Lagos State Bail Management System.

The judge also said that he was satisfied with the bail conditions of N1 million, earlier given to Emefiele’s co-defendant Henry Isioma-Omoil who is standing trial on another charge before Justice Olufunke Sule-Hamzat of the Lagos High Court sitting in Yaba.

According to the court, the bail documents must be transferred to the special offences court and it must also be registered in the Lagos State Bail Management System.

Last week Monday, the Economic & Financial Crimes Commission (EFCC) charged Emefiele before the court on a 26-count bordering on alleged abuse of office and irregular allocation of $4.5 billion and N2.8 billion respectively.

spot_img

Related articles

2026: Nigerian U16-Basketball Team prepares for Youth Olympic Games

In a significant step toward the upcoming Youth Olympic Games in Dakar 2026, Nigeria's Under-16 female basketball team...

Ember months: FRSC launches awareness campaign in Ebonyi

Abakaliki, Nigeria - Launching its 2024 Ember months awareness campaign in Ebonyi on Wednesday, the Federal Road Safety...

FG, IFAD-VCDP train 12 youth on equipment fabrication, maintenance

Awka, Nigeria - The Federal Government, in collaboration with the International Fund for Agricultural Development, Value Chain Development...

Museum of West African Art Institute opens in Edo

Benin, Nigeria - The Museum of West African Art (MOWAA) was opened on Tuesday at a preview opening...