The Federal Capital Territory High Court Abuja has granted the immediate past Governor of the Central Bank, Godwin Emefiele bail in the sum of N300 million and two sureties in like sum.
According to the judge, Justice Hamza Muazu, the sureties must have certificates of occupancy and titles of properties within the Maitama District.
Emefiele is mandated to deposit all his travel documents with the registrar of the court and must remain within the Abuja Municipal Council.
He is expected to remain in Kuje Correctional Centre pending when he meets the bail conditions.
Emefiele was absent on Wednesday morning for the ruling on his bail application. His lawyer, Mathew Burkaa, however, said it was normal, as he is already at the Kuje Correctional Centre.
This comes four months after the Federal High Court sitting in Lagos granted him bail in the sum of N20 million.
It will be recalled that Godwin Emefiele was arraigned by the Federal Government on a six-count charge bordering on alleged procurement.
The original charge, which was 20 counts to the tune of N6.5 billion, was reduced to six, to the tune of N1.6 billion. Emefiele is the only defendant in the new charge.
The former CBN governor appeared in court on Friday for an application for bail, pleading not guilty to the six-count charge after it was read to him.
Justice Hamza Muazu of the Federal Capital Territory High Court adjourned the case till November 22 for ruling on the bail application and November 28 for the commencement of trial.
In the interim, he ordered that Emefiele be remanded at the Kuje Correctional Centre.
