A high court sitting in Ikeja, Lagos, Friday set the sum of N50 million as bail for Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN).
In his ruling on the bail application on Friday, the judge, Rahmon Oshodi, admitted Emefiele on bail with two sureties in like sum.
Oshodi ordered the sureties must be gainfully employed and must have made three years tax payment with the Lagos State Government.
He also said that the sureties must show proper identification and that they must be registered in the Lagos State Bail Management System.
Recall that Emefiele is facing trial in Lagos on a 26-count charge bordering on abuse of office.
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Emefiele had ealier pleaded not guilty to a 26-count charge bordering on abuse of office brought against him by the Economic Financial Crimes Commission, EFCC.
The Lagos State Special Offences Court sitting in Ikeja on Monday, thereafter 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.
