Court grants Emefiele N20m bail

Godwin Emefiele arraigned in court today.
A Federal High Court sitting in Lagos has granted the suspended governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, N20 million bail.
She also stated that the prosecution had information that the defendant’s unwillingness to surrender his passport indicated his ability to escape and flee his trial.
“As the governor of the CBN, he is a powerful man, and can intimidate the witnesses. Granting him bail will intimidate the prosecutions witnesses who have come forward to give evidence. He can evade trial based on his antecedents. We urge the court to dismiss the bail application” she said
But the court overruled the Federal Government.
The judge ruled that Emefiele be held at the Ikoyi Correctional Centre, until he fulfils his bail condition.
His trial has been fixed for November 14.