Lagos High Court sitting in Ikeja has granted the former Central Bank (CBN) governor Godwin Emefiele bail.
The judge presiding over the matter, Justice Rahman Oshodi granted him bail in the sum of N50m with two sureties in like sum, in Friday, April 12.
The court also held that the sureties must be gainfully employed and have three years of tax payment with the Lagos State Government.
The judge added said the sureties must show proper identification and they must be registered in the Lagos State Bail Management System.
The judge also said that he was satisfied with the bail conditions of N1 million, earlier given to Emefiele’s co-defendant Henry Isioma-Omoil who is standing trial on another charge before Justice Olufunke Sule-Hamzat of the Lagos High Court sitting in Yaba.
Recall that on April 1, the Economic & Financial Crimes Commission (EFCC) charged Emefiele before the court on a 26-count bordering on alleged abuse of office and irregular allocation of $4.5 billion and N2.8 billion respectively.
