Emefiele Granted N50m bail by Lagos Court

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The former Central Bank Governor, Godwin Emefiele has been granted N50 million bail by the Lagos State Special Offences Court after being charged with a 26-count bordering on alleged abuse of office and irregular allocation of $4.5 billion and N2.8 billion respectively.

Emefiele was admitted to bail with two sureties in like sum by Justice Rahmon Oshodi on Friday.


In the substance of the charges, the EFCC alleged that he abused his office while he was CBN governor through alleged allocations of $4.5bn and N2.8bn.


However, in his ruling today, Oshodi held that the sureties must be gainfully employed and have paid the three years’ tax of the Lagos State government.

He also ordered that the sureties must show proper identification and be registered in the Lagos State Bail Management System.



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