Court remands Emefiele for alleged abuse of office, $4.5bn, N2.8bn fraud

Justice Rahman Oshodi of the Ikeja Special Offences Court on Monday remanded the embattled former Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, for alleged abuse of office.

Oshodi remanded Emefiele in EFCC custody, while his co-defendant, Henry Isioma-Omoile, was remanded in the Ikoyi Custodial Centre, where he is currently held pending the determination of their bail application on April 11.

The defendants counsel, Mr. A. Labi-Lawal, had in his two bail applications urged the court to grant the defendants bail on self-recognition and on liberal terms pending the determination on the case.

Labi-Lawal, in his 31 affidavits, said the first defendant (Emefiele) had complied with the bail application that was given to him by Justice Muazu in his alleged fraud trial case going on in Abuja.

He said the charges were bailable offences and not capital offences.

“Though the first defendant was granted administrative bail by the prosecuting authority,.

“He is seeking for bail based on self-recognition

and he is ready to attend the court.

“The court should also take into consideration the status of the first defendant, as he was the former CBN governor of the country,” he said.

The defence counsel said his clienthad religiously presented himself before Justice Muazu in Abuja to answer the allegations before him.

According to him, the first defendant was not at flight risk, as he was the first person to arrive in court.

He also prayed for the court to release Emefiele to a lawyer, pending the determination of bail.

Emefiele and his co-defendant pleaded not guilty to the 26-count charge bordering on abuse of office, accepting gratification, accepting gifts through agents, corruption, and fraudulent property receipt.

The defendants, however, pleaded not guilty following their arraignment.

The EFCC counsel, Mr. Rotimi Oyedepo (SAN), did not oppose the bail application moved by the defence counsel.

Oyedepo, however, urged the court to exercise its discretion judiciously in granting bail to the defendants.

The prosecution had asked the court for a trial date following the pleas of the defendants.