Justice Hamza Muazu of the Federal Capital Territory High Court Abuja, has granted the immediate past Governor of the Central Bank, Mr Godwin Emefiele, bail in the sum of N300 million and two sureties in like sum.
The sureties must have certificates of occupancy and titles of properties within the Maitama District.
Emefiele is mandated to deposit all his travel documents with the registrar of the court and must remain within the Abuja Municipal Council.
He is expected to remain in Kuje Correctional Centre pending when he meets the bail conditions.
This comes four months after the Federal High Court Sitting in Lagos granted him bail in the sum of N20 million.
Alleged Procurement Fraud
The Federal Government, last Friday, arraigned Emefiele on a six-count charge bordering on alleged procurement.
The original charge, which was 20 counts to the tune of N6.5 billion, was reduced to six, to the tune of N1.6 billion. Emefiele is the only defendant in the new charge.
The former CBN governor appeared in court on Friday for an application for bail, pleading not guilty to the six-count charge after it was read to him.
