By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Emefiele, counsel battle to meet N300m new bail, sureties’ title documents of properties in Maitama
Share
Sign In
Notification Show More
Latest News
Police Apprehend Alleged Money Doubler for Defrauding Businessman of N70 Million
Crime Metro News
Applause Trail Plateau State’s Launch Of Africa’s First Climate Assembly
Civil Society Organisations Environment Metro News
Lawyer Amobi Nzelu slams Tinubu’s govt over economic woes
Legal/Courts Metro News
WNTD 2025: Ekiti Govt Declares Ado Ekiti Smoke-Free City
Metro News
Senator Sani Musa Provides ₦50m Relief, Food Supplies to Niger Flood Survivors
Business Environment Metro News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > News > Crime > Emefiele, counsel battle to meet N300m new bail, sureties’ title documents of properties in Maitama
CrimeEconomyNews

Emefiele, counsel battle to meet N300m new bail, sureties’ title documents of properties in Maitama

Publisher
By Publisher Published November 22, 2023
Share
4 Min Read
SHARE

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, who was on Wednesday in Abuja granted bail in the sum of N300 million and two sureties in like sum, is in the heat of fulfilling the bail conditions and is to remain in Kuje Correctional Centre until they are accomplished.

Justice Hamza Muazu of the Federal Capital Territory High Court who gave the bail, said the sureties must have certificates of occupancy and titles of properties within the Maitama District, Abuja.

He said Emefiele must remain in Kuje Correctional Centre pending when he meets the bail conditions.

- Advertisement -
Ad image

Emefiele has been ordered to deposit all his travel documents with the Registrar of the court and must remain within the Abuja Municipal Council during the trial.
Timesreporters Online reports reports that Emefiele’s bail is coming four months after the Federal High Court sitting in Lagos granted him bail in the sum of N20 million.

It is recalled that the Federal Government had on November 17 arraigned Emefiele on a six-count charge bordering on alleged procurement fraud.

The original charge of 20 counts amounting to N6.5 billion fraud, was reduced to six with N1.6 billion unlawfully expended.

He had applied for bail after pleading not guilty to the six-count charge at his arraignment.

According to the amended charge sheet, the charges still border on procurement fraud.

The Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion.

He was also accused of awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.

Count one reads: “That you, Godwin Ifeanyi Emefiele, male, adult, sometime in 2018 within the jurisdiction of this Honourable Court did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 37 Toyota Hilux Vehicles at the cost of N854,700,000 only to April1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro is a director and thereby committed an offence.”

In the second count, Emefiele was accused of using his position to corruptly confer an advantage on Yaro, “a staff of the Central Bank of Nigeria by awarding a contract for the supply of one Toyota Avalon at the cost of N99,900,000 only to April1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro Director and thereby committed an offence.”

He was also accused of conferring corrupt advantage contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000 by awarding a contract for the supply of one Toyota Landcruiser V8 April1616 Investment Ltd., in 2019 at the cost of N73 million.

The fourth count was about a Toyota Landcruiser V8 valued N73,800,000 awarded illegally to April 1616 Investment Ltd.

The Federal Government also accused the former CBN governor of also awarding a contract to Yaro for the supply of two Toyota Hilux Shell Specification Vehicles at the cost of N44,200,000 in 2020.

Like this:

Like Loading...

Related

You Might Also Like

Police Apprehend Alleged Money Doubler for Defrauding Businessman of N70 Million

Applause Trail Plateau State’s Launch Of Africa’s First Climate Assembly

Lawyer Amobi Nzelu slams Tinubu’s govt over economic woes

WNTD 2025: Ekiti Govt Declares Ado Ekiti Smoke-Free City

Senator Sani Musa Provides ₦50m Relief, Food Supplies to Niger Flood Survivors

TAGGED: CBN, Court, Godwin Emefiele

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher November 22, 2023
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article FIRS gives shipping firms Dec 31 deadline to reconcile tax records
Next Article Reps Decry Revenue Leakages Over Remita Platform
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

Police Apprehend Alleged Money Doubler for Defrauding Businessman of N70 Million
Crime Metro News June 2, 2025
Applause Trail Plateau State’s Launch Of Africa’s First Climate Assembly
Civil Society Organisations Environment Metro News June 1, 2025
Lawyer Amobi Nzelu slams Tinubu’s govt over economic woes
Legal/Courts Metro News June 1, 2025
WNTD 2025: Ekiti Govt Declares Ado Ekiti Smoke-Free City
Metro News June 1, 2025

You Might also Like

CrimeMetroNews

Police Apprehend Alleged Money Doubler for Defrauding Businessman of N70 Million

June 2, 2025
Civil Society OrganisationsEnvironmentMetroNews

Applause Trail Plateau State’s Launch Of Africa’s First Climate Assembly

June 1, 2025
Legal/CourtsMetroNews

Lawyer Amobi Nzelu slams Tinubu’s govt over economic woes

June 1, 2025
MetroNews

WNTD 2025: Ekiti Govt Declares Ado Ekiti Smoke-Free City

June 1, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d