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.
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.