The former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has finally been released from Kuje Prison after fulfilling his bail condition of N300 million naira.
According to Punch, Emefiele is being prosecuted for an N1.2bn. procurement fraud was released on Friday
The spokesperson for the Kuje Correctional Centre, FCT, Adamu Duza, confirmed the development of The PUNCH on Saturday.
- “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 2 pm yesterday (Friday),” he said.
- Emefiele was granted a bail of N300 million by Justice Hamza Muazu at the Federal Capital Territory High Court in Abuja. The bail conditions include two sureties, each responsible for an equivalent amount.
- Meanwhile, the former CBN chief faces increasing pressure as the Special Investigator, Jim Obazee, accuses him and others of embezzling billions of naira and committing various financial offences.
- In a report presented by Obazee to President Bola Tinubu on December 9, 2023, Emefiele, who served as the head from June 2014 to June 2023, is accused of involvement in fraudulent cash withdrawals amounting to $6.23 million.
- Additionally, he is alleged to have committed fraud in the redesign of the naira, among other offences.
The former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has finally been released from Kuje Prison after fulfilling his bail condition of N300 million naira.
Backstory
- The Federal Government arraigned Emefiele on a six-count charge bordering on alleged procurement.
- The original charge, which was 20 counts to the tune of N6.5 billion, was reduced to six, to the tune of N1.6 billion. Emefiele is the only defendant in the new charge.
- According to the amended charge sheet, the charges still border on procurement fraud. The Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion. He was also accused of awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.
The direct and indirect ownership of FMDQ must be investigated asap.
Right after the direct and indirect ownership of Alpha Beta is investigated?!
Alpha Beta company is a private enterprise surely but may be executing transactions on behalf of government
On the other hand, FMDQ was created by CBN. A deputy Governor is also the chairman of FMDQ. Souch under hand deals must have occurred during the formation. The special investigation should beam searchlight on the ownership of FMDQ for completeness of sssignment