Court admits ex-CBN governor Emefiele to N300m bail: Former CBN governor Godwin Emefiele has been granted bail in the amount of 300 million naira with two sureties in the same amount by Justice Hamza Muazu of the Federal Capital Territory (FCT). Emefiele is required to deposit his travel documents.
The former CBN governor was given bail by the court, along with two sureties who had to be Maitama landowners and submit the properties’ certificates of occupancy.
As long as the bail requirements are met, the judge ruled that he will be remanded to the Kuje Correctional Centre. How To Make Your Fiverr Profile Stand out (All you need to Know)
In addition, the court mandates that he return his travel documents to the court, stay within the Federal Capital Territory, and request permission from the court before leaving.
Judge Muazu has set November 28 for the start of the entire trial in the interim.
Emefiele entered a not guilty plea. This was to a six-count revised charge presented against him by the Economic and Financial Crimes Commission (EFCC) at his final Friday court appearance.
After hearing arguments on Emefiele’s bail application, Justice Muazu postponed her decision until today and the start of the trial until November 28. 12 Tips For Creating Trending TikTok Videos
Court admits ex-CBN governor Emefiele to N300m bail
The 20 counts that were originally brought against the former governor of the CBN have been lowered to six, costing N1.6 billion. In the new charge, Emefiele is the only defendant.
The updated charge sheet indicates that procurement fraud is still a possibility in these counts. According to the Federal Government, Emefiele fraudulently purchased 43 automobiles for N1.2 billion between 2018 and 2020. Additionally, he was charged with giving a contract of N854 million to buy 37 Toyota Hilux vehicles.
Count one read,
“That you, Godwin Ifeanyi Emefiele, male, adult, sometime in 2018 within the jurisdiction of this Honourable Court did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 37 Toyota Hilux Vehicles at the cost of N854,700,000 only to April1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro is a director and thereby committed an offence.”
Emefiele was charged in the second count with corruptly giving Yaro an advantage through his position.
“a staff of the Central Bank of Nigeria by awarding a contract for the supply of one Toyota Avalon at the cost of N99,900,000 only to April1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro Director and thereby committed an offence.”
In addition, he was charged with giving corrupt benefit in violation of Section 19 of the Corrupt Practises and Other Related Offences Act 2000 when he granted N73 million for the supply of a single Toyota Landcruiser V8 April1616 Investment Ltd. in 2019. How To Create a Gig on Fiverr (A Step By Step Guide)
The fourth count concerned a Toyota Landcruiser V8 that April 1616 Investment Ltd. was wrongfully given for N73,800,000. How to deal with Graphic Design Clients (All you need to Know)
The Federal Government also charged the previous governor of the CBN. This was with giving Yaro a contract for N44,200,000 in 2020 for the supply of two Toyota Hilux Shell Specification Vehicles/