Justice Rahman Oshodi of the Ikeja Special Offences Court has granted bail of N50 million to former Central Bank of Nigeria (CBN) Governor Godwin Emefiele. Emefiele faces a 26-count charge related to alleged abuse of office and fraud totaling $4.5 billion and N2.8 billion.
The bail conditions include two sureties who must be gainfully employed and have made three years of tax payments to the Lagos State Government. The sureties must also provide proper identification and be registered in the Lagos State Bail Management System.
Justice Oshodi noted his satisfaction with the N1 million bail earlier granted to Emefiele's co-defendant, Henry Isioma-Omoil, who faces a separate charge before Justice Olufunke Sule-Hamzat of the Yaba High Court. He directed that the bail documents be transferred to the special offences court and registered in the Lagos State Bail Management System.
