753 housing units: Court grants N2bn bail to ex-CBN Gov Emefiele
A High Court in the Federal Capital Territory (FCT) has granted bail of N2 billion to Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN).
The ruling was delivered by Justice Halilu Yusuf after Emefiele faced an eight-count charge, including allegations of unlawful acquisition of a housing estate comprising 753 units and the misappropriation of billions in naira through proxy accounts.
Justice Yusuf noted that Emefiele had been granted bail in three other criminal cases without any evidence of him skipping bail. He set the conditions for Emefiele’s bail, requiring him to produce two sureties who own property worth N2 billion within the court’s jurisdiction, specifically in Aolsoko, Maitama, or Wuse 2.
Furthermore, the court ordered Emefiele to submit his travel documents and mandated that he perfect the bail conditions by next Wednesday. Failure to do so would result in his remand in custody. The bail application was moved by his lawyer, Matthew Burkaa (SAN), and received no objection from the prosecuting counsel, Rotimi Oyedepo (SAN), who sought additional conditions to be attached to the bail.
