HomeNewsBREAKING: Court Grants Emefiele N50m Bail Over $4.5bn, N2.8bn Fraud Case

BREAKING: Court Grants Emefiele N50m Bail Over $4.5bn, N2.8bn Fraud Case

Lagos Court Grants Emefiele N50m Bail

Former Central Bank Governor (CBN), Godwin Emefiele, has today Friday been granted bail in the sum of N50 million by a Judge of the Federal High Court in Lagos, Justice Rahmon Oshodi.

He is facing a 26-count charge bordering on abuse of office and irregular allocation of $4.5 billion and N2.8 billion respectively.

Judge Rahmon Oshodi ruled on the bail application, granting Emefiele bail with the condition of providing two sureties for the same amount.


EFCC had earlier arraigned Emefiele and Henry Omole, his co-defendant, on Monday before Justice Rahmon Oshodi.

Both defendants entered a not-guilty plea to the twenty-six charges levied against them.

The trial was initially adjourned till April 11, but due to an extension of the public holiday, Emefiele was brought before the court on Friday, April 12.


Please enter your comment!
Please enter your name here


Must Read