Pegasus Reporters Issues on the Wing
“Other allegations Emefiele is facing include unlawfully approving the withdrawal of about N124.8bn from the consolidated revenue fund and illegally approving the withdrawal of about N124.8bn from the consolidated revenue fund.”
*Godwin Emefiele in court
PEGASUS REPORTERS, LAGOS | MAY 15, 2024
The suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been granted a N300 million bail after pleading not guilty to the allegation of unlawfully printed N684million with N18.96billion Naira
Recall that the Economic and Financial Crimes Commission (EFCC) dragged Emefiele to court printing Naira notes without authorization from former President Muhammadu Buhari.
Other allegations Emefiele is facing include unlawfully approving the withdrawal of about N124.8bn from the consolidated revenue fund and illegally approving the withdrawal of about N124.8bn from the consolidated revenue fund.
According to the EFCC, the defendant, acting in violation of law and “with intent to cause injury to the public,” okayed the printing of naira notes without the approval of both former President Buhari and the board of the CBN.
However, when the four-count charge was read to the defendant before trial Justice Marian Anenih of the High Court of the Federal Capital Territory, FCT, pleaded his innocence to the allegation.
Emefiele’s lawyer, Mahmud Magaji (SAN), then asked the court to grant his client bail on self-recognizance pending the determination of the case.
The senior lawyer equally asked the court to grant his client the bail terms already granted him by another judge in the same FCT High Court, noting that the allegations are bailable offenses. He added that Emefiele has dutifully attended court proceedings in different criminal matters instituted against him by the Federal Government.
EFCC lawyer, Rotimi Oyedepo (SAN), said he will not oppose the defendant’s bail application but on the condition that he deletes certain offensive claims in the bail application.
In her ruling, Justice Anenih said bail is one that borders on the right to personal liberty provided the defendant will stand trial. She granted Emefiele bail in the sum of N300 million with two sureties in like sum and who must own properties within Maitama District of Abuja, adding that Emefiele must submit his international passport and must not travel out of the country.
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