Emefiele meets bail conditions, leaves prison

Embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele has  met his bail conditions and been released from the Kuje Correctional Centre.

The PUNCH reports that  Emefiele who is being prosecuted for a N1.2bn.procurement fraud,  was released on Friday

The spokesperson for the Kuje Correctional Centre, FCT, Adamu Duza, confirmed the development The PUNCH on Saturday. “I can confirm to you that he (Emefiele) has met his bail conditions, hence he has no reason to remain in our facility. He met his bail condition and was released past 2pm yesterday (Friday),” he said.

Justice  Hmaza Muazu  of  the Federal Capital Territory High Court Abuja, had granted N300m bail to Emefiele with two sureties in like sum.

However, the noose is getting tighter for the former CBN boss, as the  Special Investigator probing the CBN, Jim Obazee, has indicted him and  others with  embezzling billions of naira among other financial offences.

In a report submitted by Obazee to President Bola Tinubu on December 9 2023, Emefiele who was in office from June 2014 to June 2023, is being accused  engaging in fraudulent cash withdrawals valued at $6.23 million. He is also alleged to have committed fraud in the redesign of the naira, among other offences.