Alleged abuse of power: Court admits Emefiele to N50m bail

An Ikeja Special Offences Court on Friday admitted the suspended Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to bail in the sum of N50 million.

Emefirle is charged with abuse of office and fraud to the tune of 4.5 billion dollars and N2.8 billion.

Justice Rahman Oshodi, in his ruling, admittedEmefiele to bail with two sureties in like sum.

Oshodiheld thatthe sureties must be gainfully employed and have three years of tax payments with the Lagos State Government.

He also ordered that the sureties show proper identification and be registered in the Lagos State Bail Management System.

The judge also said thathe was satisfied withthe bail conditions of N1 million earlier given to Emefiele’s co-defendant, Henry Isioma-Omoil, who is standing another charge against Justice Olufunke Sule-Hamzatbefore a Yaba High Court.

Oshodi, however, said that the bail documents must be transferred to the special offences court and registered in the Lagos State Bail Management System.

The Economic and Financial Crimes Commission (EFCC) had on April 8 arraigned Emefiele on a 23-count charge bordering on abuse of office, accepting gratifications, corrupt demand, receiving property fraudulently obtained, and conferring corrupt advantage, whilehis co-defendant was arraigned on a three-count charge bordering on acceptance of gifts by agents.

The defendants, however, pleaded not guilty to the charge.

Supreme News reports that at the time of filing this story, the counsel was making applications for an accelerated hearing and trial.

Details shorty…….