Former CBN Governor Granted N50m Bail for Alleged Abuse of Office and Fraud

Justice Rahman Oshodi of a Lagos Special Offences Court, Ikeja, has granted N50 million bail to the embattled former Central Bank of Nigeria governor, Godwin Emefiele, for alleged abuse of office and fraud to the tune of $4.5 billion and N2.8 billion.• Former CBN Gov Granted N50m Bail, Co-defendant, Omoile N1m

He also ordered that the sureties must show proper identification and must be registered in the Lagos State Bail Management System. During the trial, a CBN staff, Mr. Monday Osazuwa, told the court how Emefiele, on different occasions, directed him to collect the sum of $3 million cash in tranches. Osasuwa said that he was later appointed as a senior supervisor in recording and filing of documents while working in the governor’s office in Lagos.

He added: “Whenever I receive the money and take it to the residence of Mr. Emefiele, he always tells me to give it to the second defendant whenever he is not at home. “I started collecting cheques for Dummies Oil and Gas when I was in Zenith Bank. I cannot calculate the exact year I have been collecting the cheques but it all started when the first defendant was the MD at Zenith Bank and I was working at Zenith Bank Plc,” he said.

The National Identity Management Commission is working with the Central Bank of Nigeria and the Nigerian Interbank Settlement System to deliver the new national identity card.

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