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April 12, 2024 Lagos Court Grants Emefiele N50m Bail

Lagos Court Grants Emefiele N50m Bail

The Lagos High Court in Ikeja has granted bail to former Central Bank governor, Godwin Emefiele. Justice Rahman Oshodi approved bail in the amount of N50 million, requiring two sureties to stand in equal sum. These sureties must be employed and have a record of three years' tax payments to the Lagos State Government. Additionally, they must provide proper identification and be registered in the Lagos State Bail Management System.

Justice Oshodi expressed satisfaction with the bail conditions previously set for Emefiele's co-defendant, Henry Isioma-Omoil, by Justice Olufunke Sule-Hamzat of the Lagos High Court in Yaba. Isioma-Omoil is facing separate charges. The court stipulated that the bail documents should be transferred to the special offences court and registered in the Lagos State Bail Management System.

Last week, the Economic & Financial Crimes Commission (EFCC) charged Emefiele with 26 counts related to alleged abuse of office and irregular allocations of $4.5 billion and N2.8 billion, respectively.

February 21, 2024 Emefiele Writes Akpabio, Threatens N25bn Lawsuit Over Alleged Defamation

Emefiele Writes Akpabio, Threatens N25bn Lawsuit Over Alleged Defamation

Former Central Bank of Nigeria Governor Godwin Emefiele is taking legal action against Nigerian Senate President Godswill Akpabio over alleged defamation. Emefiele, represented by his legal team, demands an apology and N25 billion in damages if Akpabio fails to retract his statements.

In a letter penned by Emefiele's lead counsel, Matthew Burkaa, SAN, and directed to Senator Akpabio, it was stated that Akpabio's remarks, as seen in a video aired by Channels Television, were deemed false and aimed at tarnishing Emefiele's reputation. Akpabio's statement implied that Emefiele's policies were responsible for the current hardships in Nigeria.

READ ALSO: Emefiele Left Economy In Mess, We Don’t Know What To Charge Him With – Akpabio

Emefiele's legal team argued that Akpabio's comments portrayed Emefiele as a habitual offender and suggested that he was solely responsible for the nation's difficulties. They also accused Akpabio of undermining the court's integrity by making such statements while legal proceedings concerning Emefiele were ongoing.

The letter highlighted that Emefiele's actions as CBN Governor were carried out with the approval of the President and the Federal Executive Council, where Akpabio held a significant role. Emefiele's legal representatives demanded a retraction of Akpabio's statements and an apology published through the same medium used for the defamation. Additionally, they requested N25 billion in compensation for the damage caused to Emefiele's reputation.

Emefiele's legal team warned that failure to comply with these demands would lead to further legal action. The letter concluded with a request for compliance and conveyed regards.

In essence, Emefiele is holding Akpabio accountable for his remarks, seeking redress for the harm inflicted on his reputation.

February 19, 2024 Emefiele Left Economy In Mess, We Don’t Know What To Charge Him With – Akpabio

Emefiele Left Economy In Mess, We Don’t Know What To Charge Him With – Akpabio

Senate President Godswill Akpabio has said President Bola Tinubu’s administration inherited an entangled economy from former Central Bank Governor Godwin Emefiele.

He noted that the situation is so dire that the federal government is unsure what charges to bring against him.

Speaking at Senator Barinada Mpigi’s Thanksgiving service in Koroma, Tai Local Government Area, Rivers State, Akpabio insisted that the current economic woes and hunger were due to past policies.

The senate president, however, assured Nigerians of efforts to improve security and living standards while calling for patience on the part of the citizens.

The FCT Minister, Nyesom Wike, also at the event, called for patience just as he boasted about the chances of the current administration coming in 2027.

January 18, 2024 Federal Government Ammends Charges Against Former CBN Governor

Federal Government Ammends Charges Against Former CBN Governor

The Federal Government has amended the criminal charges filed against the former Central Bank of Nigeria Governor, Godwin Emefiele, from six to twenty.

The government had initially filed 19 charges against the former CBN governor bordering on procurement fraud but later pruned it down to six and now amended to twenty.

The amended charges against Emefiele now include criminal breach of trust, forgery, conspiracy to commit forgery, procurement fraud, and conspiracy to commit a felony.

The Federal Capital Territory High Court also granted the request of a former Governor of the Central Bank of Nigeria, Godwin Emefiele, to travel out of the Federal Capital Territory, FCT.

However, Justice Hamza Muazu of the FCT High Court ruled that Emefiele must remain in the country.

The former CBN governor was restricted to the FCT on his bail terms, but Emefiele, through his lawyer, Mathew Bukka, SAN, requested a variation of the terms.

On December 24, 2023, the court granted former CBN governor Emefiele bail of N300 million with two sureties in a similar sum.

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