Emefiele Secures N300 Million Bail Over New Naira Notes Case, Denies N684.5m Note Printing


The High Court of the Federal Capital Territory (FCT) in Maitama has granted Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), a N300 million bail.

He is facing charges from the Economic and Financial Crimes Commission (EFCC) for printing new naira notes without observing due process.

At the court session on Wednesday, May 15, Emefiele pleaded not guilty to the four-count charge.

Justice Maryanne Anenih, who presided over the case, set the bail at N300 million and required Emefiele to provide two sureties, each possessing titled property within the Maitama area of the Federal Capital Territory (FCT).

Additional conditions include the surrender of Emefiele’s travel documents to the court and a restriction on traveling outside the country without court permission.

These conditions align with those of a previous bail granted by Justice Hamza Muazu, another judge of the High Court of the FCT, where he faces a separate criminal case.

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Justice Anenih stated that it would be sufficient if Emefiele provided certified true copies (CTCs) of the documents used to fulfill the earlier bail requirements set by Justice Muazu.

The trial is scheduled to commence on May 28.

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