A high court sitting in Ikeja, Lagos, headed by justice Rahmon Oshodi, has granted bail to former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in the sum of N50 million.
In his ruling on the bail application on Friday, he admitted Emefiele on bail with two sureties in like sum.
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.
The judge however remanded Omoile in the custody of the Nigerian Correctional Services.
Earlier, Emefiele’s lawyer Abdulakeem Ladi-Lawal had urged the court to admit his client to bail on self-recognition or, on the most liberal terms.
The lawyer particularly urged the court to impose the same bail conditions earlier granted to the defendant by Justice Hamzat Muazu of the Federal Capital Territory High Court in Abuja and that he be released to his lawyers pending the perfection of the bail terms.
The EFCC lawyer, Rotimi Oyedepo, SAN, did not oppose the bail application but urged the judge to impose conditions that would compel the defendants to appear in court for their trial.
The defendants were accused of accepting gratification, accepting gifts through agents, corruption, and fraudulent property receipts.
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