A High Court sitting in Abuja has granted the embattled former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, bail for the sum of N300 million.
Justice Hamza Muazu of the FCT High Court delivered the judgement on Wednesday, ruling that the accused should also provide two sureties as part of the bail condition.
The sureties must have certificates of occupancy and titles of properties within the Maitama District.
In addition, Emefiele is required to submit all his travel documents to the court registrar and is obliged to stay within the Abuja Municipal Council.
Meanwhile, he is expected to remain in Kuje Prison until his bail conditions are fully met.
Our court is a big problem. Looking at what this man did to the nation 300 million is a slap on the wrist. His bail should be around 5 billion with CofO. Look at the binance guy and FTX. We are joking,
@Collins, the “Binance guy” paid a FINE. In other words, he paid a PENALTY for WRONGDOING!
Note that he was NOT held in endless “detention” without trial or being found guilty of any offense for myriad months by the US Secret Service, the FBI, or any other version of Nigeria’s unaccountable and apparently above-the-law secret police. I also bet that none if the US government agencies involved in the process willfully IGNORED or otherwise defied and disobeyed any court order.
Nigeria is already a Banana Republic of sorts, marked by all manner of impunity (or “anyhowness” in the local parlance), and until/unless we learn to do even supposedly “right” things in the RIGHT way, we will continue to degenerate and sink from the insecure poverty-capital-of-the-world Third World s/hole we already are to a ‘Fourth World’ nonentity. There once was a country! SMH