BREAKING: Court grants Emefiele N50m bail | Read bail conditions

  • BREAKING: Court grants Emefiele N50m bail | Read bail conditions 

Former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been granted bail in the sum of N50 million with two sureties in like sum.


Justice Rshmon Oshodi of the high court sitting in Ikeja, Lagos state granted him bail on Friday.


Recall that EFCC filed amended 26 count charges against Emefiele bordering on abuse of office and conspiracy which he pleaded not guilty to.

The Lagos State Special Offences Court sitting in Ikeja had on Monday remanded the former governor of the CBN in the custody of the EFCC, following his arraignment.

Justice Rahman Oshodi made the remand order after Emefiele and his co-defendants, Herry Omoile, pleaded not guilty to a 26-count charge bordering on abuse of office brought against them by the EFCC.

Emefiele had remained behind bars until today, Friday when the Judge granted his bail application.

The judge remanded Omoile in the custody of the Nigerian Correctional Services.

Before the court’s ruling, Emefiele’s lawyer Abdulakeem Ladi-Lawal had urged the court to admit his client to bail self-recognition or, on the most liberal terms.


The lawyer particularly urged the court to impose the same bail conditions earlier granted to the defendant by Justice Hamzat Muazu of the Federal Capital Territory High Court in Abuja and that he be released to his lawyers pending the perfection of the bail terms.


The EFCC lawyer, Rotimi Oyedepo, SAN, did not oppose the bail application but urged the judge to impose conditions that would compel the defendants to court for their trial.

The defendants were accused of accepting gratification, accepting gifts through agents, corruption, and fraudulent property receipts.

He was also accused of conferring a corrupt advantage on his associates contrary to the Corrupt Practices Act of 2000 in the charge filed on April 3rd by the EFCC Prosecutor, Rotimi Oyedepo, SAN.