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BREAKING NEWS: Nigeria’s Former CBN Governor Godwin Emefiele to remain in Kuje prison over failure to meet N300m bail

The court adjourned the trial of the ex-bank chief to January 18 and 19, 2024 for continuation of trial...READ THE FULL STORY HERE▶

Emefiele is standing trial on a six count amended charge on alleged procurement of vehicles to the tune of N1.6bn.

He had pleaded not guilty to the charges.

He was granted bail on November 17, 2023 to the tune of N300m and two sureties and remanded at the Kuje Correctional Centre, pending when he meets his bail conditions.

At the resumed hearing, the Prosecution Witness, who is a top official of the Corporate Affairs Commission (CAC) told the court that Emefiele was not the owner or a shareholder of the April1616 Investment Limited, awarded N1.2bn vehicle supply contract by CBN under Emefiele.

He was led in evidence by EFCC lawyer, Rotimi Oyedepo , while tendering several documents on how the company was incorporated on August 1, 2016.

He further read out the names of the shareholders of the Company which comprises of Aminu Yaro, Maryam Abdullahi, and Saadatu Yaro as joint owners of the entity....CONTINUE.FULL.READING>>>

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JOLOWO BUNALAYEFA PIUS is the Chief Executive Officer (CEO) for BUNADY NEWSLITE GLOBAL ENTERPRISE (Bunady.com). He started his Blogging/Journalism career at God's Own Wireless Company 2012. He's a graduate of Adekunle Ajasin University Akungba Akoko Ondo State, with a major in History And International Studies. You can contact him for press events, advertisement promotions on Email: contact.bunady@gmail.com

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