A Federal Capital Territory High Court on Wednesday granted former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele bail after 151 days in custody.
Justice Olukayode Adeniyi ordered that Emefiele be released immediately to his lawyers, who were charged with the responsibility of producing him in court for his arraignment next week or at any other day.
The judge ruled that the ex-bank chief must also deposit his travel documents before the chief registrar of the court, pending his arraignment.
Before the ruling, counsel for Emefiele, Mathew Burkaa, applied that his client be admitted to bail on liberal terms, having been in the custody of security agencies for 151 days. He made this application to Provisions of Section 35 (4a and b) of the 1999 constitution.
While objecting to the bail application, counsel for the Attorney General of the Federation and the Federal Government Onyi Koleosho pointed out that Emefiele was transferred to the custody of the EFCC on October 26, and that date is not up to two months.
He stated that a hearing notice has been issued by the court to the effect that Emefiele would be arraigned on November 15, 2023, in respect of a pending charge filed by the office of the AGF.
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He said the court should decline the application for Emefiele’s release in the interest of justice, and to avoid a situation where the scheduled arraignment may interfere with investigations, adding that releasing him will pose further problems and difficulties for the prosecution to get him to attend court next week, for his arraignment.
Counsel for the EFCC Farouk Abdallah agreed that the issue of bail is at the discretion of the court.
In a further submission, Burkaa pointed out that his client has not been served any charge to date. He assured the court that the former CBN governor is not a flight risk and doesn’t have the capacity to stop his arraignment by the Federal Government next week.
During the proceeding, Emefiele was also given the room to address the court. He said he hasn’t been charged till date.
The judge subsequently granted Emefiele bail and adjourned till November 17 for the substantive motion on notice as well as the preliminary objection.
