KINDLY SHARE THIS STORY:

The former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, will remain in Kuje prison, Abuja after he failed to meet his bail conditions, All Nigeria Latest News reports.

Emefiele was brought into court by operatives of the Nigerian Correctional Service (NCS) where he is being remanded.

The former EFCC boss was arraigned on November 18, in a six-count charge bordering on procurement fraud.

Emefiele faced allegations of leveraging his position to grant an illicit benefit to Sa’adatu Yaro, a CBN staff member, through the approval of a contract for acquiring 43 vehicles valued at N1.2 billion from 2018 to 2020.

The vehicle procurement comprised 37 Toyota Hilux vehicles totaling N854.7 million, one Toyota Avalon valued at N99.9 million, one Toyota Land Cruiser V8 costing N73.8 million, and two Toyota Hilux Shell Specification vehicles amounting to N44.2 million.

Emefiele was also alleged to have awarded Yaro a contract for the procurement of two Toyota Landcruiser VXR V8 worth N138 million.

He pleaded “not guilty” to the amended charge and was later granted bail in the million.

The Court directed the ex-CBN governor to present two sureties with equivalent sums. These sureties must possess certificates of occupancy and property titles located within the Maitama district in Abuja.

Emefiele is mandated to deposit all his travel documents with the registrar of the court and must remain within the Abuja Municipal Council.

Emefiele’s lead counsel, Mathew Burkaa, told newsmen that his client was yet to meet the bail conditions.

Following the Tuesday court session, the former CBN governor was taken away by personnel from the prison service.

Leave a Reply

Your email address will not be published. Required fields are marked *