“Lagos High Court Grants Former CBN Governor Emefiele N50 Million Bail Amid Forgery Allegations”

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In a significant legal development, a high court in Ikeja, Lagos, has granted bail in the amount of N50 million to former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, on Friday, April 12, 2024. The bail ruling, delivered by Judge Rahmon Oshodi, mandates Emefiele to provide two sureties who can meet the stipulated bail amount.

 

Emefiele finds himself embroiled in legal proceedings facing 26 charges related to allegations of office misuse. The trial, which commenced after Emefiele and his co-defendant, Henry Omole, were arraigned by the Economic and Financial Crimes Commission (EFCC) before Justice Rahmon Oshodi, saw both defendants enter a not-guilty plea to the charges leveled against them.

 

Among the accusations brought forth, a forensic expert reportedly testified to the court regarding allegations of forgery involving the signatures of President Buhari and a former Secretary to the Government of the Federation (SGF). The forged signatures were allegedly utilized to withdraw a substantial sum of $6.2 million from the CBN.

 

Originally slated for April 11, the trial date was postponed due to an extension of the public holiday, resulting in Emefiele’s appearance before the court on April 12. As developments continue to unfold, this case remains a subject of keen interest, with observers closely monitoring proceedings.

 

As this is a developing story, further updates are anticipated as the legal process unfolds.


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