An Ikeja Special Offences Court on Friday admitted the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to bail in the sum of ₦50 million.
Emefiele is charged with abuse of office and fraud to the tune of $4.5 billion and ₦2.8 billion
In his decision, Judge Rahman Oshodi granted Emefiele bail along with two sureties in the same amount.
According to Oshodi’s ruling, the sureties had to have paid taxes to the Lagos State Government for three years and be employed for a profit.
In addition, he mandated that the sureties register in the Lagos State Bail Management System and provide valid identification.
Additionally, the judge expressed his satisfaction with the ₦1 million bail terms that had been previously granted to Henry Isioma-Omoil, Emefiele’s co-defendant, who is currently facing additional charges before Justice Olufunke Sule-Hamzat in a Yaba High Court.
On the other hand, according to Oshodi, the bail paperwork needs to be registered in the Lagos State Bail Management System and sent to the special offences court.
Emefiele was charged on April 8 by the Economic and Financial Crimes Commission (EFCC) with 23 counts related to abuse of office, accepting gratifications, corrupt demand, receiving property obtained fraudulently, and conferring corrupt advantage. His co-defendant was charged on April 8 with three counts related to accepting gifts from agents. Nonetheless, the defendants entered a not guilty plea to the accusation.
According to the News Agency of Nigeria (NAN), the attorneys were requesting an expedited trial and hearing at the time this story was filed.
#BigBrotherNaija “Level Up” Week 6
Though last Sunday Sunday was meant to be a “no-eviction” day, it came as a shocker when fake housemate, Modella…
Dating in 2022; Situationships Are Not For The Fainthearted
Situationships are defined as that space between a defined relationship and something other than a friendship. It is a romantic…
20 Questions With Dinta Media’s Visual Storyteller, Chimeremogo Nwoke
Dinta Media is not really just a media production brand but we like to see ourselves as a hub for…
How Are Nigeria’s Small Businesses Coping?
The current rising rate of inflation and other burdens against the Nigerian economy speaks to the realities of the times.
Thrifting Is All The Rave Now, Here’s Why
By Amy Adindu The affordable clothing movement has gained global attention and acceptance as we’re all trying to look like…
#BigBrotherNaija “Level Up” Week 2
Week 2 of the highly watched Nigerian TV show kicked off with an early plot twist. On Sunday, Big Brother…
#BlueTunes: Burna Boy, Omah Lay Top Album Picks For July
July was a promising month for music lovers; from Lizzo’s album titled Special and Imagine Dragons’ Mercury, (Acts 1 &…
#BlueTunes Album Picks For June
Gbagada Express – Boj Bolaji Odojukan, popularly known as BOJ, was raised both in England and Nigeria. He shot to…
“A Creative’s Dream” with Jeff Chinonso
On the 26th of June 2022, Jeff Chinonso hosted his first solo art exhibition. The Augmented Reality exhibition themed “A…
Nigerian API-based company Thepeer raises $2.1 million
Tech infrastructure startup Thepeer has raised a $2.1 million seed round according to a report from TechCabal. Thepeer, a Nigerian…
Dika Ofoma, Ugochukwu Onuoha take on grief in Debut Film “The Way Things Happen”
The twenty-minute film focuses on the loss of a loved one, and how grief changes a person.
Nigerian Startups might just be Crippled by a Recently Leaked bill
Over the years there has been talks of amendment on the 2007 Act of the National Information & Technology Agency (NITDA).
Why We Love Kelechi Amadi Obi
The definition of talent is Kelechi Amadi’s iconic story. Imagine a person who studies law in school, gets called to Bar, and leaves it all for something different and unrelated…Painting!
