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Emefiele faces fresh hurdles from security agencies after bail

The FrontierThe FrontierDecember 24, 2023 8681 Minutes read0

The immediate past Governor of the Central Bank of Nigeria, Godwin Emefiele, has rejoined his family after perfecting his bail condition.

The authorities of the Nigeria Correctional Centre, Kuje, confirmed yesterday that Emefiele was let home a little after 2pm on Friday.

The Federal Capital Territory High Court Abuja, had granted him bail with two sureties to the tune of N300m each on November 22.

He had been slammed with a six count charge of procurement fraud, reports The Nation.

In granting the bail,Justice Hamza Muazu had ordered Emefiele to be remanded in Kuje Correctional Centre until he could meet the bail conditions.

It was gathered yesterday that despite Emefiele’s release, security agencies are keeping a close watch on him to ensure that he does not sneak out of the country in view of the alleged weighty allegations against him.

Soon after his suspension from office on June 9 and his subsequent arrest the following day by the Department of State Services (DSS), the former CBN governor was first arraigned for being in illegal possession of arms.

But the charge was later withdrawn only for the authorities to file a fresh six-count charge against him.

It was earlier reported that fresh charges may be filed against Emefiele by the federal government on the strength of the recommendations of the Special Investigator on the CBN, Mr Jim Obaze.

Likely to be charged with him are a former Secretary to the Government of the Federation (SGF) and 12 top officials of the bank in connection with an alleged illegal payment of $6.23milion to yet to be identified people during his tenure.

Two suspects have been arrested in connection with what was described by the Special Investigator as “forgery, concealment, conspiracy and fraud”.

The alleged withdrawal of the cash was committed at the Abuja branch of the CBN.

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