Emefiele Gets N50m Bail
Kemisola Oye
JUSTICE Rahman Oshodi of a Lagos Special Offences Court sitting in Ikeja has granted Fifty Million Naira (N50,000,000.00) bail to the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele who is standing trial for alleged abuse of office and fraud to the tune of Four Billion, Five Hundred Million Dollars ($4.500,000.000.00) and Two Billion, Eight Hundred Million Naira (N2.800,000,000.00)
The judge, while ruling on the bail application earlier today, granted Mr Emefiele bail in the sum of N50 million with two sureties in like sum.
However, the judge ordered that the sureties must be gainfully employed and have evidence of three years of tax payment with the Lagos State government.
He also ordered that the sureties must show proper identification and they must be registered in the Lagos State Bail Management System.
Justice Oshodi held that the court was satisfied with the bail conditions of N1 million earlier granted to the second defendant, Omoile
who is standing trial in another alleged fraud charge before Justice Olufunke Sule-Hamzat of a Lagos High Court sitting in Yaba.
The judge directed the defendant’s counsel, Abdulakeem Labi-Lawal to furnish the court with the bail documents of the sister court.
He ordered that the documents must be transferred to Special Offences Court and it must also be registered in the Lagos State Bail Management System.
It would be recalled that the Economic And Financial Crimes Commission (EFCC) had on 8 April 2024 arraigned Mr Emefiele and his co-defendant, Henry Isioma Omoile, on a 23 counts charge bordering on abuse of office, accepting gratifications, corrupt demand, receiving property fraudulently obtained and conferring corrupt advantage.
Omoile was arraigned on a three-count charge bordering on acceptance of gift by agents.
Eighteen-Eleven Media
