Fresh charges: Court grants Emefiele N50 million bail

The Lagos State Special Offences Court in Ikeja on Friday granted bail to former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, in the sum of N50 million, who alongside his co-defendant Henry Omoile, earlier on Monday ordered to be remanded following their arraignment on fresh charges.

Penpushing reports that the defendants were arraigned by the Economic and Financial Crimes Commission (EFCC) on 26 counts, including abuse of office and fraud involving about $4.5 billion and N2.8 billion.

The court had remanded Emefiele in the custody of the Economic and Financial Crimes Commission (EFCC) , while Henry Omoile was remanded in Correctional Centre, Ikoyi, Lagos State pending the ruling on bail application.

Penpushing further reports that three of the counts concern Omoile, which was acceptance of gift by agents, but the duo pleaded not guilty to the charges on Monday, while it is recalled that the crime commission had on April 8,2024 arraigned Emefiele on 23 counts of abuse of office, accepting gratifications, corrupt demand, receiving property fraudulently obtained and conferring corrupt advantage. and his co-defendant on three counts of.

The judge, Justice Rahman Oshodi in his ruling on Friday granted bail to  Emefiele with two sureties in like sum, and held that the sureties must be gainfully employed and have three years tax payment with the Lagos State Government.

Penpushing also reports that Oshodi in same vein ordered that the sureties must show proper identification and they must be registered in the Lagos State Bail Management System, pointing out 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 before another Lagos State High Court judge in Yaba,

Meanwhile, the judge, however, emphasized that the bail documents must be transferred to special offences court and it must also be registered in the Lagos State Bail Management System.

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