BREAKING: Court Remands Ex-CBN Gov, Emefiele in Kuje Correctional Centre

A Federal Capital Territory High Court has ordered that the former Governor of the Central Bank of Nigeria, Godwin Emefiele, be remanded in the Kuje Correctional Centre pending the determination of his bail request.

Emefiele is in court on accusations of procurement fraud.

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The trial which had been stalled on three occasions finally held on Friday.

The Federal Government had initially preferred 20 charge on procurement fraud to the tune of N6.5 billion against the former CBN governor.

However, the FG dropped six allegations against him, totaling more than N1 billion, when he was arraigned on Friday.

At Friday proceedings, Emefiele’s counsel, Mathew Burkaa SAN, moved the application for bail but the FG counsel, Rotimi Oyedepo vehemently opposed granting bail to the former CBN governor.

The presiding judge, Justice Hamza Muazu said a bench ruling could not be delivered in view of the plethora of authorities cited by the two parties.

The judge stated that he required some time to review the evidence provided by Emefiele to support his bail plea as well as to research the relevant authorities.

However, he gave an order for Emefiele to be placed under arrest in the Kuje jail while his bail request was processed.

Muazu then adjourned the case till November 22 for ruling on the bail application and November 28 for the commencement of trial.

His remand order is coming after Justice Olukayode Adeniyi, ordered that he should be released to his lawyers on November 8 after spending 151 days in detention.