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Emefiele Fulfils Bail Condition, Released from Kuje Correctional Center.

Emefiele Fulfils Bail Condition, Released from Kuje Correctional Center.

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been released from Kuje Correctional Center having fulfilled his bail conditions on Friday.s
The National Public Relations Officer of the Nigeria Correctional Service, Abubakar Umar, who confirmed this to Correspondent Kunle Ojo in Abuja in a telephone interview, revealed the ex-CBN governor release after he had met all his bail conditions .

Although, it was gathered that Emefiele was secretly released following plans by the Economic and Financial Crimes Commission to re-arrest him
The former CBN Governor man was unable to fulfil the bail conditions over fears that the government may come after anyone who would stand as his surety.

Justice Olukayode Adeniyi of the Federal Capital Territory High Court had granted the CBN bail on November 8.
He was re-arraigned on a six-count charge bordering on procurement fraud on November 18 and remanded in Kuje Prison.

The former CBN Boss was accused of corruptly enriching himself as CBN governor by using Sa’adatu Yaro, a staff of CBN, to award a contract for the procurement of 43 vehicles worth N1.2 billion between 2018 and 2020.

According to the charge sheet, the vehicles included 37 Toyota Hilux at the cost of N854.7 million, one Toyota Avalon at the cost of N99.9 million, one Toyota Landcruiser V8 at the cost of N73.8 million, two Toyota Hilux Shell Specification at the cost of N44,200,000.

After pleading not guilty to the amended charge, he was granted bail in the sum of N300 million with sureties who must have certificates of occupancy and titles of properties within the Maitama district in Abuja.

On Wednesday, Jim Obazee, the special investigator probing CBN and related entities, in a final panel report titled ‘Report of the Special Investigation on CBN and Related Entities (Chargeable offences)’ that was submitted to President Bola Tinubu accused the former CBN boss of using Ways and Means advances by the CBN to enrich himself.

Abubakar Umar, the spokesman of the Kuje Prison did not respond to inquiries made via calls and a text message.

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