The federal government is prosecuting him for alleged procurement fraud.
Former governor of the Central Bank of Nigeria Godwin Emefiele has been released from the Kuje Correctional Centre in Abuja after meeting his bail conditions.A spokesperson for the centre, confirmed the development on Saturday, revealing that Emefiele was released on Friday, December 22.
Emefiele is being prosecuted on a six-count charge for the purchase of luxury vehicles in the sum of N1.2 billion and for giving what it terms “corrupt advantage” during the procurement process.
However the former CBN governor was granted bail in the sum of N300milllion with two sureties in like sum, individuals who must own landed properties in highbrow Maitama District of Abuja. The sureties were also expected to deposit the Certificate of Occupancy of their properties.
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