Emefiele Released From Kuje Prison After Meeting N300 Million Bail Conditions

Adoga Stephen By Adoga Stephen - Editor-In-Chief
1 Min Read

The former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has met the conditions of his bail as set by the court.

As a result, he has been released from Kuje prison after paying the N300 million bail amount. The release warrant was signed by Justice Othman Musa on December 22nd.

In November, Emefiele was granted bail by Justice Hamza Muazu of the Federal Capital Territory High Court, Abuja.

The bail required him to pay N300 million and provide two sureties who own properties in the Maitama District.

Additionally, Emefiele had to surrender his travel documents to the court registrar and stay with the Abuja Municipal Council.

Justice Muazu has ordered that Emefiele be remanded at the Kuje Correctional Centre until he fulfils the bail conditions.

This decision comes four months after the Federal High Court in Lagos granted him bail of N20 million. Emefiele, the former CBN Governor, is currently facing charges of corruption during his time in office.

In June, President Bola Tinubu suspended Emefiele from his position as CBN Governor.

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By Adoga Stephen Editor-In-Chief
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Stephen studied Mass Communication at the Lagos State Polytechnic, Ikorodu (now Lagos State University of Science and Technology), where he acquired requisite training for the practice of journalism. He loves the media, and his interest mostly lies in print medium, where his creative writing skill makes him a perfect fit.