Moghalu Lists What Makes Emefiele Most Damaging CBN Governor In History
Emefiele flanked by security operatives

The Federal Capital Territory High Court has granted bail to the former governor of the Central Bank Nigeria (CBN), Mr Godwin Emefiele.

Emefiele, who was initially arrested and detained by the Department of State Service (DSS) on June 9, was later transferred to the custody of the Economic and Financial Crimes Commission (EFCC).

Join our WhatsApp Channel

He has in total, been in the custody of the Federal Government security agencies for over 150 days and was brought to Court today in compliance with the order of Justice Olukayode Adeniyi of the FCT High Court made on November 2.

At the resumed hearing of the matter on Monday, November 6, EFCC, however, failed to produce Emefiele in court.

In his ruling today, Justice Adeniyi ordered the release of the embattled ex-CBN governor to his lawyer who the judge mandated to produce him for arraignment during the next court sitting tentatively scheduled for next week Wednesday, November 15.

The judge further mandated that while awaiting his arraignment, Emefiele must also deposit his travel papers before the chief registrar of the court.

Speaking to newsmen after the court ruling, counsel to Emefiele, Mr Matthew Burkaa, said: “the court has admitted to bail and the terms have been perfected and he is free to go home and return for arraignment any day the court fixes, it is tentatively November 15, next week Wednesday.”

Emefiele’s Ordeals 

Emefiele was on June 9, 2023, suspended by President Bola Tinubu and was subsequently arrested by the DSS.

Following series of legal battles by Emefiele’s lawyers contesting his continued incarceration by the DSS, the secret police yielded to pressure on July 13, 2023, and declared that the suspended head of the apex bank had been charged to court.

DSS brought Emefiele to Lagos court on July 25 where he pleaded not “not guilty” to the two counts of illegal possession of firearm and ammunition filed against him by the Federal Government.

The Nigerian secret police later in August withdrew its charges against the ex-apex bank chief and released him on October 26.  However, Emefiele was surprisingly detained the same day by the EFCC.

After failing to produce Emefiele during Monday court sitting, the antigraft agency yielded to court order and brought him to court for hearing of his bail application on Wednesday.

 

victor ezeja
Correspondent at  |  + posts

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Victor Ezeja

Victor Ezeja is a passionate journalist with seven years of experience writing on economy, politics and energy. He holds a Master's degree in Mass Communication.

Dangote vs BUA: Is This A Business Competition Or Unhelpful Enmity?
Previous Story

Dangote vs BUA: Is This A Business Competition Or Unhelpful Enmity?

‘Adire’ Makes ₦8 Million In Opening Weekend
Next Story

‘Adire’ Makes ₦8 Million In Opening Weekend

Featured Stories

Latest from News

Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

Written by Amanze Chinonye Rwanda has begun importing bulk refined petroleum products through Kenya’s Mombasa port under a new government-to-government arrangement aimed at diversifying its fuel supply routes and strengthening energy security, with the first 40,000-tonne cargo arriving this week. Join our WhatsApp

Nigeria Lawmakers Move to Put Laws Online, in Local Languages

Written by Amanze Chinonye Nigeria’s National Assembly is moving to make federal legislation easier for citizens to access, understand and verify, with plans to digitise parliamentary records and translate laws into Hausa, Igbo, Yoruba and other indigenous languages. Henry Nwawuba, Executive Secretary of

Uganda Backs Disputed Tooro Succession as Kijanangoma Takes Throne

Written by Amanze Chinonye Uganda’s government has backed the installation of Edward Rukidi Kijanangoma as the new king of the Tooro Kingdom, reinforcing a succession process challenged by the family of the late monarch, Prime Business Africa reports.  Kijanangoma, 56, was crowned on
Dangote vs BUA: Is This A Business Competition Or Unhelpful Enmity?
Previous Story

Dangote vs BUA: Is This A Business Competition Or Unhelpful Enmity?

‘Adire’ Makes ₦8 Million In Opening Weekend
Next Story

‘Adire’ Makes ₦8 Million In Opening Weekend

Don't Miss

Tinubu's Tax: Presidency Orders Ministry of Justice To Collaborate With NASS On Tax Reform Bills

Senate Approves Tinubu’s $2.2bn Loan Request

Loan to Address Budget Deficit Sparks Debate The Nigerian Senate
Fuel Price Racketeering: Dangote Must Do More for Nigerians

Dangote Refinery To Supply 25 Million Litres Of Petrol Daily In Sept – NMDPRA

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has