Former CBN Governor, Godwin Emefiele, has been granted bail by the FCT High Court.
His bail was set at N300 million with strict conditions.
Emefiele is standing trial on an alleged procurement fraud.
The court ruled that he must surrender travel documents, stay within Abuja’s jurisdiction until meeting bail conditions.
The Federal Government had initially preferred 20 charges on procurement fraud to the tune of N6.5bn against the former CBN governor.
But the FG reduced the charges to six to the tune of over N1bn before he was arraigned.
On June 9, President Bola Tinubu suspended Emefiele and asked him to transfer his responsibilities to Folashodun Adebisi Shonubi, Deputy Governor, operations directorate.
The day after, the DSS announced that Emefiele was in its custody for “some investigative reasons”.
