An FCT high court in Maitama on Wednesday admitted former governor of the Central Bank of Nigeria Godwin Emefiele to bail in the sum of N300 million.
Justice Maryann Anenih granted him bail while ruling on his application over alleged unlawful naira colour swap.
The Economic and Financial Crimes Commission (EFCC) arraigned Mr Emefiele on a fresh four-count charge of printing N684.5 million notes with the sum of N18.96 billion.
In the charges, the EFCC alleged that Emefiele breached the order of the court with intent to harm during his implementation of the naira swap policy of the administration of former President Muhammadu Buhari.
According to the anti-graft agency, the ex-CBN governor “disobeyed the direction of law with intent to cause injury to the public” by approving the printing of naira notes without “strict approval” from Buhari and the CBN board.
In her ruling, Justice Anenih also ordered for two sureties in the like sum of the N300 million who must have property in Maitama district of Abuja.
The sureties, she said, must in addition present the title documents and certificates of occupancy (C of O) to the court for verification.
The sureties in addition must submit to the Registrar of the court their recent passport photographs.
The judge further added that Emefiele should submit to the registrar of the court his travelling documents and must be within Abuja within the period of his trial.
The judge ordered that the certified true copy (CTC) from Justice Hamza Muazu’s who granted him bail in the same conditions be made available.
