Emefiele gets N2bn bail in 753-unit estates suit

Emefiele gets N2bn bail in 753-unit estates suit

The Federal Capital Territory High Court in Maitama, Abuja, on Monday, granted bail to the former Governor of the Central Bank of Nigeria, Godwin Emefiele, in the sum of N2bn.

Emefiele was arraigned on eight counts bordering on the alleged unlawful acquisition of a housing estate comprising 753 units.

He was also accused of embezzling and controlling billions of naira through proxy accounts.

The PUNCH reported that the Economic and Financial Crimes Commission, in a charge marked CR/350/25, dated Friday, May 30, 2025, accused Emefiele of colluding with one Eric Ocheme, who is reportedly at large, to acquire the property and funds.

The property in question is reportedly located at Plot 109, Cadastral Zone C09, Lokogoma District, Abuja.

Rotimi Oyedepo (SAN) represented the prosecution, while Matthew Bukka (SAN) led Emefiele’s defence team.

At the commencement of proceedings, Oyedepo informed the court that the matter was scheduled for arraignment on an eight-count charge.

The Federal Capital Territory High Court in Maitama, Abuja, on Monday, granted bail to the former Governor of the Central Bank of Nigeria, Godwin Emefiele, in the sum of N2bn.

Emefiele was arraigned on eight counts bordering on the alleged unlawful acquisition of a housing estate comprising 753 units.

He was also accused of embezzling and controlling billions of naira through proxy accounts.

The PUNCH reported that the Economic and Financial Crimes Commission, in a charge marked CR/350/25, dated Friday, May 30, 2025, accused Emefiele of colluding with one Eric Ocheme, who is reportedly at large, to acquire the property and funds.

The property in question is reportedly located at Plot 109, Cadastral Zone C09, Lokogoma District, Abuja.

Rotimi Oyedepo (SAN) represented the prosecution, while Matthew Bukka (SAN) led Emefiele’s defence team.

At the commencement of proceedings, Oyedepo informed the court that the matter was scheduled for arraignment on an eight-count charge.