Court grants Emefiele N300 million bail as ex-CBN governor denies printing naira unlawfully

A Federal Capital Territory High Court in Maitama on Wednesday admitted the embattled former Central Bank Governor, Godwin Emefiele, to bail in the sum of N300 million.

Justice Maryann Anenih granted him to bail while ruling on his bail application over alleged unlawful naira colour swap.

The Economic and Financial Crimes Commission brought against him a four–count amended charge bordering on disobedience to direction of the law

Mr Anenih in addition, ordered two sureties in the like sum of the N300 million who must have property in Maitama district of Abuja.

The sureties, she said, must in addition present the title documents and certificates of occupancy to the court for verification.

In addition, the sureties must submit to the registrar of the court their recent passport photographs.

The judge further added that Mr Emefiele should submit to the registrar of the court his travelling documents and must be within Abuja within the period of his trial.

The judge ordered the certified true copy from Justice Hamza Muazu’s who granted him bail in the same conditions.

He earlier held that bail was at the discretion of the court according to what was placed before it, however, according to the law.

He added that the offence which was a six-count of confinement of advantage on self attracted five-year imprisonment as punishment.

He held that there was nothing in the prosecution’s submission that showed that Mr Emefiele would abscond or jeopardise investigation or threaten the security of the country.



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