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Ex-CBN Gov. Emefiele back to prison over unmet bail conditions, trial adjourned to January 2024

Emefiele is facing a six-count amended charge bordering on alleged procurement fraud to the tune of N1.6 billion.

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A former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, has yet to meet his bail conditions five days after he was granted bail by a Federal High Court in Abuja.

Emefiele’s lawyer, Mr Mathew Burkaa, told the court on Tuesday at the resumed hearing that he is yet to meet his bail conditions.

Emefiele is facing a six-count amended charge bordering on alleged procurement fraud to the tune of N1.6 billion.

Emefiele pleaded not guilty to the charges and was granted bail on Friday, November 17, to the tune of N300 million with two sureties in the same amount.

The sureties must have properties in Maitama District of Abuja and produce titles of the properties.

Persecondnews recalls that Emefiele was ordered to submit his travel documents with the court’s Registrar and restricted to Abuja throughout the duration of the trial.

He was remanded at the Kuje Correctional Centre (prison) pending when his bail conditions will be met.

Earlier, a prosecution witness, a top official of the Corporate Affairs Commission (CAC), had testified at the resumed hearing on Tuesday that Emefiele was not the owner or shareholder of April 1616 Investment Limited, the company awarded the N1.2 billion vehicle supply contract by the CBN under Emefiele’s leadership.

The witness, whose name was not revealed in court, presented several documents detailing how the company was formed on August 1, 2016.

He also read out the names of the company’s shareholders, including Aminu Yaro, Maryam Abdullahi, and Saadatu Yaro, as joint owners of the entity.

The court has adjourned the trial to January 18 and January 19, 2024

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