As part of the bail conditions, Emefiele is required to deposit all his travel documents with the court's registrar and remain within the Abuja Municipal Council. Until the bail conditions are met, he is expected to stay in the Kuje Correctional Centre.
Emefiele, who was not present during the ruling on his bail application, was represented by his lawyer, Mr. Mathew Burkaa, who explained that his absence was due to his current confinement at the Kuje Correctional Centre. This development follows Emefiele being granted bail in the sum of N20 million by the Federal High Court in Lagos four months ago.
The charges against Emefiele involve alleged procurement fraud, with the Federal Government initially bringing forth 20 counts amounting to N6.5 billion, later reduced to six counts totaling N1.6 billion. Emefiele, the sole defendant in the revised charge, pleaded not guilty to the allegations.
The charges specifically accuse Emefiele of using his position as the Governor of the Central Bank of Nigeria to confer corrupt advantages, including the illegal purchase of 43 vehicles between 2018 and 2020 worth N1.2 billion. Additionally, he is alleged to have awarded a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.
Justice Hamza Muazu has adjourned the case until November 22 to rule on Emefiele's bail application and set November 28 as the commencement date for the trial. In the meantime, Emefiele has been remanded in the Kuje Correctional Centre.
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