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We cannot determine whether Emefiele will be brought to trial today

An Ikeja Special Offenses Court on Friday, April 12 admitted the suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to bail in the amount of N50 million.

Emefile is accused of abuse of power and fraud worth N4.5 billion and N2.8 billion.

Justice Rahman Oshodi, in his ruling, admitted Emefiele on bail with two sureties of the same amount. The presiding judge considered that guarantors must be in paid employment and have paid taxes to the Lagos State Government for three years.

He further ordered that guarantors must present proper identification and be registered with the Lagos State Bail Management System.

The judge also said he was satisfied with the bail conditions of N1 million previously granted to Emefiele's co-defendant, Henry Isioma-Omoil, who is facing another charge before Justice Olufunke Sule-Hamzat before a Yaba High Court.

Oshodi, however, said the bail documents should be transferred to the special offenses court and should also be registered with the Lagos State Bail Management System.

The Economic and Financial Crimes Commission (EFCC) charged Emefiele on April 8 on a 23-count indictment bordering on abuse of power, acceptance of gratification, corrupt demand, receiving fraudulently obtained property and conferring corrupt advantage, while his Co-defendant was charged with a three-count charge bordering on gift acceptance by agents.

The defendants, however, pleaded not guilty to the charge.

Source: www.lindaikejisblog.com

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