A High Court of the Federal Capital Territory (FCT) in Maitama has granted former Central Bank of Nigeria (CBN) Governor Godwin Emefiele a N300 million bail.
In a ruling on Wednesday, Justice Hamza Muazu asked Emefiele to produce two sureties, who must have landed property in Maitama District of the FCT.
The judge said the sureties must present the property’s Certificate of Occupancy (C of O) in court for verification.
He also directed Emefiele to deposit his travel documents with the court and obtain the court’s permission before embarking on any trip outside the country.
Emefiele was not in court during yesterday’s proceedings.
On November 17, after the erstwhile CBN governor had pleaded not guilty to a five-count charge the Federal Government filed against him, the court ordered that he be remanded in Kuje correctional facility pending bail.
But prison officials failed to produce him in court yesterday.
After the court ruling, Emefiele’s lawyer, Matthew Burkaa, expressed concern that his client may be rearrested by officials of the state.
The lawyer averred that the ex-CBN governor was rearrested before, even after he was granted bail by a court.
