Former Central Bank governor, Godwin Emefiele, has been granted bail in the sum of N300 million by the FCT High Court in a case involving allegations of an unlawful naira redesign programme. Emefiele faces a four-count charge from the Economic and Financial Crimes Commission (EFCC), including accusations related to financial improprieties and disobeying the rule of law.
Justice Maryann Anenih presided over the case and ordered Emefiele to produce two sureties who own property in Abuja’s Maitama district. Emefiele must surrender his travel documents and remain within Abuja during the trial period. The judge also mandated the submission of a certified copy of bail conditions set by another judge in a previous case.
Emefiele pleaded not guilty to the charges and requested bail conditions similar to those granted previously. The trial has been adjourned until May 28.
This legal proceeding is part of broader investigations against Emefiele, who faces multiple charges including illegal possession of firearms, procurement fraud, and abuse of office. Despite the charges, Emefiele maintains his innocence and continues to attend court proceedings.
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