ENUGU, Nigeria (VOICE OF NAIJA)- The Lagos High Court in Ikeja has granted bail to a former Governor of the Central Bank (CBN), Godwin Emefiele.
He was granted bail by Justice Rahman Oshodi, in the sum of N50m with two sureties in like sum.
The court instructed that the sureties must be gainfully employed and have three years of tax payment with the Lagos State Government.
Justice Oshodi also stated that the sureties must show proper identification and they must be registered in the Lagos State Bail Management System.
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The judge also said that he was satisfied with the bail conditions of N1 million, earlier given to Emefieleās co-defendant Henry Isioma-Omoil.
Isioma-Omoil was 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.
The Economic and Financial Crimes Commission (EFCC) had last week, charged Emefiele before the court on a 26-count bordering on alleged abuse of office and irregular allocation of $4.5 billion and N2.8 billion respectively.
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