Former CBN Governor Godwin Emefiele Granted N50m Bail by Lagos Court
Written by Deborah Oyinloye on April 12, 2024
In a significant legal development, the former Central Bank Governor, Godwin Emefiele, has been granted bail amounting to N50 million after facing charges comprising 26 counts related to alleged abuse of office and irregular allocation of $4.5 billion and N2.8 billion, respectively.
The bail ruling was delivered by Justice Rahmon Oshodi on Friday, following a hearing concerning Emefiele’s case. Emefiele’s bail conditions entail providing two sureties who must each deposit the same sum as the bail amount.
This decision marks a pivotal moment in the legal proceedings surrounding Emefiele, who has been embroiled in a legal battle over accusations of misconduct during his tenure as the head of the Central Bank of Nigeria.
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Author: Deborah Oyinloye
With an interest in media, Deborah aims to impart the lives of people positively.
