The former governor of the Central Bank of Nigeria, Godwin Emefiele, was given N300 million in bail by an FCT High Court on Wednesday in connection with a lawsuit involving an alleged illegal naira redesign plan.
According to information obtained by GTN, the Economic and Financial Crimes Commission (EFCC) had filed an updated four-charge assertion against him, which includes allegations of disobedience to the law.
The case was Presided over by Justice Maryann Anenih, who required Emefiele to present two sureties in the same bail amount, both of whom had to be property owners in the Maitama district of Abuja.
The judge ordered the sureties to provide the court with their most recent passport photos, property title documents, and occupancy certificates for verification.
Emefiele was also required to submit his travel documents to the court and remain within Abuja during the trial period.
The judge further mandated that a certified true copy of the bail conditions set by Justice Hamza Muazu, who granted Emefiele bail earlier, must be submitted to her court.
The trial was adjourned until May 28.
The EFCC accused Emefiele of various financial improprieties, including approving the printing of “colour-swapped” naira notes without proper board recommendations, spending substantial amounts on printing these notes and withdrawing funds from the Consolidated Revenue Fund in a manner not prescribed by the National Assembly.
Emefiele pleaded not guilty to the charges and sought bail either on self-recognition or under conditions similar to those granted by Justice Hamza Muazu previously.
The case is part of broader legal proceedings against Emefiele, who is also facing charges in another court.
