A forme governor of the Central Bank of Nigeria (CBN),Godwin Emefiele was Monday granted a N2 billion bail by an Abuja High Court.
Godwin Emefiele, who is currently facing multiple corruption charges preferred against him by the EFCC is however required to fulfill some conditions before he can enjoy the bail.
He is required to submit his travel documents and provide two sureties who own a property worth N2 billion in Aso Drive or Maitama or Wuse 2 , all areas within the jurisdiction of the court.
The Economic and Financial Crimes Commission (EFCC) arraigned the former
The bail is in connection to the corruption allegation against him over the 753‑unit housing estate said to have been acquired by Emefiele in breach of public trust.
Anti – corruption agency,
EFCC is accusing him of conspiring with Eric Ocheme, who is currently at large, to acquire the property located in Abuja.
Emefiele was also being accused of unlawful possession of billions of naira in proxy accounts in Zenith Bank.
Emefiele pleaded not guilty to the eight-count charge levelled against him.
While ruling on the bail application , the court presided over Justice Yusuf Halilu said Emefiele had been granted bail in three other cases and had not jumped bail.
He then granted him a new bail of N2 billion in addition to other conditions.
If the former CBN governor fails to perfect the bail conditions, he will be remanded in a correctional facility.
The matter was subsequently adjourned until July 11 for the commencement of trial.
(vitalnewsngr.com)
