The trial in the case of Godwin Emefiele, the former governor of the Central Bank of Nigeria, alleging procurement fraud, has been adjourned until January 18, 2024, by the Federal Capital Territory High Court.

Emefiele was accused of abusing his position to give corrupt benefits to CBN employee Sa’adatu Yaro by awarding a contract for the acquisition of 43 automobiles between 2018 and 2020, with a total estimated value of N1.2 billion.

Following that, he was arrested and kept under remand at the Kuje Correctional Center until November 22, when his bail application was to be heard.


Yet, Judge Hamza Muazu granted N300 million in bail to Emefiele.

He went on, “The former governor of the CBN must furnish two sureties in the same amount.”

Emefiele was pulled to court and taken away by armed Nigerian Correctional Service officers, a sign that he has not yet fulfilled with his bail obligations. The judge made note of the requirement that the sureties have titles and certificates of occupancy for any homes in Abuja’s Maitama district.

Details to follow.