The former governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has regained freedom from Kuje correctional center after meeting his bail condition of N300 million naira.
According to the report, Emefiele who is being prosecuted for a N1.2bn.procurement fraud, regained freedom on Friday
Adamu Duza, the spokesperson for the Kuje Correctional Centrer confirmed the development 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.
Emefiele was granted a bail of N300 million by Justice Hamza Muazu at the Federal Capital Territory High Court in Abuja. The bail conditions include two sureties, each responsible for an equivalent amount.
Meanwhile, the former CBN chief faces increasing pressure as the Special Investigator, Jim Obazee, accuses him and others of embezzling billions of naira and committing various financial offenses.
according to the report presented by Obazee on December 9, 2023 to President Bola Tinubu, Emefiele, who served as CBN governor from June 2014 to June 2023, is been accused of fraudulent cash withdrawals amounting to $6.23 million.
Also, he is alleged to have been involved in the naira redesign fraud among other offenses.
More details to come
