Alleged N9.6 billion Fraud: Court remands Emefiele in Kuje prison

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele has been ordered to be remanded in Kuje prison.

Justice Hamza Muazu of the High Court of the Federal Capital Territory, FCT, Abuja, on Friday ordered the remand pending the determination of his request for bail.

Emefiele will remain in prison until November 22, when the court will deliver a ruling on his bail motion.

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His lead counsel, Mathew Burkaa SAN, moved the application for bail which Rotimi Oyedepo, EFCC Counsel, vehemently opposed on behalf of the Federal Government.

The federal government in a 20-count charge is accusing the former CBN governor of illegally procuring 98 vehicles and armoured buses to the tune of N9.6 billion.

After taking arguments for and against the application, Justice Muazu said a bench ruling could not be delivered in view of the plethora of authorities cited by the two parties.

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The Judge said he needed a little time to study the authorities and peruse through the exhibits supplied by Emefiele to support his request for bail.

Details later….