The Federal High Court in Abuja has granted bail to the former Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele of N300 million with two sureties in like sum.
This was made known by Justice Hamza Muazu stated that the sureties must have certificates of occupancy and titles of properties in the Maitama District.
Justice Muazu also mandated Mr. Emefiele who was absent for the bail application ruling on Wednesday, to deposit all his travel documents and directed that he must remain in Abuja municipal.
Mr Emefiele who was remanded at the Kuje Correctional Center was also granted bail by a Federal High Court sitting in Lagos for N20 million for a six-count charge which borders on Procurement fraud.
The Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion. He was also accused of awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.
Count one read, “That you, Godwin Ifeanyi Emefiele, male, adult, sometime in 2018 within the jurisdiction of this Honourable Court did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 37 Toyota Hilux Vehicles at the cost of N854,700,000 only to April 1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro is a director and thereby committed an offense.”
In the second count, Emefiele was accused of using his position to corruptly confer an advantage on Yaro, “a staff of the Central Bank of Nigeria by awarding a contract for the supply of one Toyota Avalon at the cost of N99,900,000 only to April 1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro Director and thereby committed an offense.”
Mr. Emefiele was also accused of conferring corrupt advantage contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000 by awarding a contract for the supply of one Toyota Landcruiser V8 April 1616 Investment Ltd., in 2019 at the cost of N73 million.
The fourth count was about a Toyota Landcruiser V8 valued at N73,800,000 awarded illegally to April 1616 Investment Ltd.
The Federal Government further accused the former CBN governor of also awarding a contract to Yaro for the supply of two Toyota Hilux Shell Specification Vehicles at the cost of N44,200,000 in 2020.
Meanwhile, the case was adjourned to November 28 for the commencement of trial.
Source: Channels TV
