The Federal Capital Territory High Court has adjourned till
January 18, 2024, for the continuation of the trial in the alleged procurement
fraud suit against a former Central Bank of Nigeria’s Governor, Godwin Emefiele.
Emefiele was accused of using his position to confer a
corrupt advantage on Sa’adatu Yaro, a staff member of the CBN by awarding a
contract for the procurement of 43 vehicles worth N1.2 billion between 2018 and
2020.
He was subsequently remanded at the Kuje Correctional Centre
pending a ruling on his bail application on November 22.
Justice Hamza Muazu, however, granted Emefiele bail in the sum of N300 million.
He added that the former CBN governor must produce two
sureties in like sum.
The judge noted that the sureties must have certificates of
occupancy and titles of properties within the Maitama district in Abuja
Emefiele has yet to meet his bail conditions as he was
brought to court and taken away by armed personnel of the Nigerian Correctional
Service.
Details later…
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