Former Central Bank of Nigeria Governor, Godwin Emefiele, was released from the Kuje Correctional Centre after meeting his bail conditions on Friday, December 22, 2023.
Emefiele’s release was confirmed by the spokesperson for the Kuje Correctional Centre, Adamu Duza, who stated that the former CBN Governor fulfilled his bail conditions and was released past 2p.m on Friday.
“I can confirm to you that he (Emefiele) has met his bail conditions, hence he has no reason to remain in our facility. He met his bail condition and was released past 2pm yesterday (Friday),” Duza said.
The Federal Capital Territory High Court Abuja had granted Emefiele a N300 million bail with two sureties, requiring certificates of occupancy and property titles within the Maitama District of Abuja. He was ordered to deposit all travel documents with the court registrar and stay within the Abuja Municipal Area Council.
Despite objections from the Economic and Financial Crimes Commission, the judge dismissed concerns about Emefiele being a flight risk.
The trial, centered on six counts of procurement fraud amounting to N1.2 billion, was scheduled to commence on November 28. Additionally, a report by Special Investigator Jim Obazee accused Emefiele of embezzling billions and committing financial offenses during his tenure as CBN governor, including fraudulent cash withdrawal and holding funds in the UK.
The report was submitted to President Bola Ahmed Tinubu on December 9, 2023