Justice Rahman Oshodi of an Ikeja special offences court has granted the embattled former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, bail.
Emefiele had been dragged before the court on a 26-count charge bordering on alleged abuse of office and irregular allocation of $4.5 billion and ₦2.8 billion respectively.
Justice oshodi, in his ruling on Friday, admitted Emefiele to ₦50 million bail with two sureties in like sum.
Oshodi ordered that the sureties must be gainfully employed and must have made three years tax payment with the Lagos state government.
He also said that the sureties must show proper identification and that they must be registered in the Lagos state bail management system.
The judge also ruled he was satisfied with the bail conditions of ₦1 million, earlier given to Emefiele’s co-defendant Henry Isioma-Omole who is standing trial on another charge before Justice Olufunke Sule-Hamzat of the Lagos High Court sitting in Yaba.
According to the court, the bail documents must be transferred to the special offences court, and it must also be registered in the Lagos State Bail Management System.
