Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been remanded in Kuje Correctional facility until the Federal High Court in Abuja decides on his bail application.
Emefiele was brought before Justice Hamza Muazu by the Economic and Financial Crimes Commission (EFCC) on a six-count amended charge.
His lawyer, Mathew Burkaa, SAN, applied for his bail, but the EFCC lawyer, Rotimi Oyedepo, objected on behalf of the Federal Government.
Justice Muazu said he needed more time to examine the exhibits presented by Emefiele to support his bail request.
He adjourned the case till November 22, 2023.
Emefiele’s troubles started after President Bola Tinubu suspended him on June 9, 2023, and ordered an investigation of the apex bank under his leadership.
Tinubu later appointed a Special Investigator to probe CBN.
During the investigation, the apex bank released its audited financial statement, which revealed that it owed JP Morgan and Goldman Sachs a total of $7.5 billion as of the financial year ended December 2022.
After spending months in the custody of the secret police, he was handed over to the EFCC, which arraigned him in court and he was granted bail.