Court frees Emefiele on N20m bail

Marcus Amudipe
Marcus Amudipe



Embattled former governor of the Central Bank of Nigeria, Godwin Emefiele, has been granted bail of N20 million by a Lagos High Court on Tuesday.

According to Channels, the presiding judge, Justice Nicholas Oweibo, granted bail to Emefiele after considering the arguments presented by Emefiele’s legal representative, Joseph Daudu (SAN).

The presiding judge dismissed the assertion made by the Federal Government that Emefiele posed a risk of fleeing.

The presiding judge determined that the government did not present any factual evidence to substantiate its assertion.

On June 9, 2023, President Bola Tinubu implemented the suspension of Emefiele from his position as the chief of the apex bank. The Department of State Services has officially confirmed that the suspended Governor of the Central Bank of Nigeria is currently under its custody, as stated one day later.

Recall that President Bola Tinubu removed Emefiele as governor of the Central Bank of Nigeria on June 9, 2023.

He was arrested the next day by the
Department of State Services

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