JUST IN: Emefiele Granted N300 Million Bail in New Naira Note Printing Case

Former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has been granted bail amounting to N300 million following his arraignment on charges related to the printing of new Naira notes without proper procedures. Emefiele, who pleaded not guilty to the four-count charge brought by the Economic and Financial Crimes Commission (EFCC), appeared before Justice Maryanne Anenih at the High Court of the Federal Capital Territory (FCT) in Maitama.

The conditions of Emefiele’s bail require him to produce two sureties, each possessing titled property within the Maitama area of the FCT. Additionally, he must surrender his travel documents to the court and seek permission before leaving the country. These conditions mirror those set by Justice Hamza Muazu, who is presiding over another criminal case involving Emefiele.

The judge emphasized the importance of Emefiele providing certified true copies of documents submitted for his earlier bail. The trial is scheduled to commence on May 28, with Emefiele facing continued legal scrutiny over alleged financial improprieties.