Would you like to receive notifications on latest updates of the following headlines?

Ex-Cbn Governor, Emefiele Remanded In Prison

POSTED ON November 17, 2023 •   Business      BY Samuel O . Adeniyi •   VIEWS 167

Justice Hamza Muazu of the High Court of the Federal Capital Territory, FCT, Abuja, has directed the remand of the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in Kuje prison until the court makes a ruling on his bail application on November 22.

The court will hold Emefiele in prison until it has made a decision on his bail request. His lead counsel, Mathew Burkaa SAN, presented the bail application, which faced strong opposition from Rotimi Oyedepo, representing the Federal Government.

Following arguments from both sides, Justice Muazu stated that a bench ruling couldn't be provided immediately due to the extensive legal authorities cited by both parties.

The judge expressed the need for some time to examine the authorities and review the exhibits submitted by Emefiele in support of his bail application.

As of the latest update, officials from the Kuje prison authority have been notified to prepare a vehicle for Emefiele's transportation to prison.

Back Story:

Emefiele was the Governor of the Central Bank of Nigeria (CBN) from 2014 to 2023. In June 2023, he was suspended from office by President Bola Tinubu.

Shortly thereafter, he was arrested by the Department of State Services (DSS) on allegations of corruption and money laundering.

Emefiele is currently facing trial on two charges: (1) illegal possession of firearms and ammunition, and (2) money laundering.

These charges stem from a series of investigations into Emefiele’s personal finances and activities.

In November 2023, Emefiele was granted bail by an Abuja High Court. However, the court imposed strict conditions on his release, including surrendering his passport and assets.

RECOMMENDED FOR YOU
Dangote Refinery reduces petrol price by two per cent
BY Benedicta Bassey November 25, 2024 0

NIGERIA  — Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit, PMS,...

RECOMMENDED FOR YOU
IMF pledges support for Tinubu's reforms
BY Abiodun Saheed Omodara November 21, 2024 0

The President of the International Monetary Fund (IMF), Kristalina Georgieva has expressed strong ba...

RECOMMENDED FOR YOU
Amazon Shares Show Resilience Amid Market Fluctuations
BY Suleiman Kelvin Jimoh November 21, 2024 0

Amazon.com Inc (AMZN) has demonstrated a remarkable rebound in the stock market, showing a year-to-d...

RECOMMENDED FOR YOU
Gombe gov presents N320bn 2025 budget to assembly
BY Abiodun Saheed Omodara November 20, 2024 0

Gombe State Governor, Muhammadu Yahaya, presented a proposed budget of N320.11 billion for the 2025...

RECOMMENDED FOR YOU
NNPCL: Coalition group vows protest, says 1.6bn litres PMS will cripple economy
BY Benedicta Bassey November 20, 2024 0

NIGERIA—Following the decision by the Nigeria National Petroleum Company Limited (NNPCL), to i...

RECOMMENDED FOR YOU
FG reviews housing budget to N500bn for 2025
BY Benedicta Bassey November 19, 2024 0

NIGERIA —The Federal Government on Tuesday said it is reviewing it's annual housing budget to...

RECOMMENDED FOR YOU
Naira appreciates, hit N1,735/$ in parallel market
BY Benedicta Bassey November 19, 2024 0

The Naira appreciated to N1,735 per dollar in the parallel market from N1,740 per dollar last weeken...

RECOMMENDED FOR YOU
Tinubu, India PM sign pacts to foster collaboration in defence, economy
BY Benedicta Bassey November 18, 2024 0

NIGERIA — Nigeria and India have entered into partnership to foster collaboration in  def...

OUR CHANNELS:

OTHER ARTICLES ::

25th November, 2024
Lagos residents petition IGP over FHA's breach of court orders
BY Benedicta Bassey November 25, 2024 0

LAGOS STATE, Nigeria - Following an alleged breach of the rule of law by officials of the Feder...


Dangote Refinery reduces petrol price by two per cent
BY Benedicta Bassey November 25, 2024 0

NIGERIA  — Dangote Petroleum Refinery has reduced the price of Premium Motor Spirit, PMS,...


Jet crash: One dead, others sustains injury in Lithuania
BY Benedicta Bassey November 25, 2024 0

LITHUANIA, Europe: One person has died, and three others were injured following a cargo plane that c...


Celebrated South African writer, Breytenbach dies leaving strong legacy
BY Benedicta Bassey November 25, 2024 0

South Africa —  Celebrated anti-apartheid writer, poet and activist, Breyten Breytenbach,...


Boats mishap claim 24 Somali migrants near Madagascar
BY Benedicta Bassey November 25, 2024 0

MOGADISHU, East Africa --- At least 24 Somali nationals have died after two boats carrying migr...


Probe humanitarian ministry's missing N57bn, SERAP tells Tinubu
BY Benedicta Bassey November 25, 2024 0

NIGERIA — The Socio-Economic Rights and Accountability Project has called on President Bo...


Lagos Govt extols S’Court verdict, nullifying National Lottery Act
BY Benedicta Bassey November 25, 2024 0

LAGOS, Nigeria  — The Lagos State Government has hailed the Supreme Court judgm...


A’Ibom suspends principal, begins probe over poor meal in boarding schools
BY Benedicta Bassey November 25, 2024 0

AKWA IBOM, Nigeria  — The Akwa Ibom State government has suspended the principal of...


NAFDAC warns against unsafe antibiotics use in animals, humans
BY Benedicta Bassey November 25, 2024 0

NIGERIA  — The Director-General, National Agency for Food and Drug Administration an...


Top doctors halt strike action to review FG's response
BY Benedicta Bassey November 25, 2024 0

NIGERIA — The Medical and Dental Consultants’ Association of Nigeria (MDCAN) has suspend...


Menu