Top Stories

BREAKING: Court Grants Ex-CBN Boss, Emefiele Bail

An Ikeja Special Offences Court has granted a 50 million naira bail to the embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

 

 

Advertisement

 

CityNews Nigeria reports that Emefiele is facing a 26-count charge bordering on alleged abuse of office and fraud to the tune of $4.5 billion and ₦2.8 billion.

Advertisement

 

In his bail ruling on Friday, Justice Rahman Oshodi admitted Emefiele to ₦50 million bail with two sureties in like sum.

Advertisement

The judge ordered the sureties must be gainfully employed and must have made three years of tax payment with the Lagos State Government.

He also said that the sureties must show proper identification and must be registered in the Lagos State Bail Management System.

Advertisement

According to The Nation, Justice Oshodi said he was satisfied with the bail conditions of N1 million, earlier given to Emefiele’s co-defendant, Henry Isioma-Omoil, who is facing another charge before Justice Olufunke Sule-Hamzat of Yaba High Court.

Oshodi, however, said the bail documents must be transferred to a special offenses court and registered in the Lagos State Bail Management System.

Advertisement
citynews

Recent Posts

Breaking: FIRS Announces Fresh Recruitment, See Eligibility Criteria, Application Deadline

The Federal Inland Revenue Service (FIRS) has begun its recruitment exercise for experienced professionals to…

3 hours ago

Primate Ayodele’s Prophecies For 2025

Primate Elijah Ayodele Unveils 94-Page Prophecy for 2025, Makes Striking Predictions About Nigeria’s Political and…

5 hours ago

Tinubu’s Aide Condemns Plan To Reinstall ‘Jesus Is Not God’ Banner In Lekki Mosque

The Senior Special Assistant to President Bola Tinubu on Community Engagement (North Central), Abiodun Essiet,…

8 hours ago

President Tinubu’s reforms not responsible for food stampedes – FG

The Minister of Information and National Orientation, Mohammed Idris, has warned politicians against linking stampedes…

8 hours ago

I will be more influential in Nigeria than UK – Tobi Adegboyega

Tobi Adegboyega, founder of the Salvation Proclaimers Anointed Church (SPAC Nation), has stated that he…

8 hours ago

Petrol To Sell ₦‎935/Litre From Today – IPMAN

The Independent Petroleum Marketers Association of Nigeria has said that petrol is going to sell…

8 hours ago