N1.2bn Procurement Trial: Ex-CBN Gov., Emefiele, meets bail conditions, released from Kuje Prison

To spend Xmas New Year in Abuja home

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been released from Kuje Prison after meeting the bail conditions set by the authorities.

VoL learnt that Emefiele was released on Friday, December 22 2023.

The bail, totalling N300 million, was fulfilled, enabling Emefiele’s departure from detention. This comes following his arrest and subsequent remand at Kuje Prison.

Emefiele’s compliance with the bail requirements facilitated his release from custody.

The spokesperson for the Kuje Correctional Centre, Federal Capital Territory (FCT), Adamu Duza, confirmed the development to our correspondent on Saturday.
“I can confirm to you that he (Emefiele) has met his bail conditions, hence he has no reason to remain in our facility. He met his bail condition, and was released past 2pm yesterday (Friday)”, he said.

Recall that the Federal Capital Territory (FCT) High Court Abuja, had granted N300m bail to Emefiele, who is being prosecuted for alleged procurement fraud.

Justice Hamza Mu’azu, who granted the bail with two sureties in like sum, said the sureties must have certificates of occupancy and titles of properties within the Maitama District of Abuja.

He also ordered Emefiele to deposit all his travel documents with the registrar of the court, adding that he must remain within the Abuja Municipal Area Council.

The judge, however, ordered that Emefiele should remain in Kuje Correctional Centre till he meets the bail conditions.

While rejecting the objection by the Economic and Financial Crimes Commission (EFCC) to Emefiele’s bail application, Justice Mu’azu disagreed with the anti-graft agency that the ex-CBN governor was a flight risk and could jump bail, jeopardise investigation or threaten the security of the country if granted bail.

After granting the bail application, Justice Mu’azu adjourned till November 28 for the commencement of  trial.

Emefiele stood trial on six counts bordering on procurement fraud to the tune of N1.2billion.

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