Former Central Bank of Nigeria (CBN) governor Godwin Emefiele remains in custody for failing to meet the N300 million bail condition set by the High Court of the Federal Capital Territory (FCT), which has also adjourned the case until January 18, 2024, for further trial.
The Economic and Financial Crimes Commission (EFCC) brought forward an amended six-count charge of fraud against Emefiele, who was arraigned before Justice Hamza Muazu. Emefiele’s counsel, Mr. Mathew Burkaa, SAN, had earlier secured bail for him.
The charges against Emefiele include corruptly awarding contracts, illegal procurement of vehicles, and conferring undue advantages on various parties. These charges span from 2018 to 2020 and involve transactions worth millions of naira.
April1616 Investment Ltd. is among the companies implicated in the case.