A Federal High Court sitting in Abuja has granted bail to former Central Bank of Nigeria Governor, Mr Godwin Emefiele on Wednesday.
The embattled bank chief was granted bail in the sum of three hundred million Naira with two sureties in the same amount.
According to the Court, Emefiele is mandated to deposit all his travel documents with the registrar of the court and must remain within the Abuja Municipal Council.
Also, he is expected to remain in Kuje Correctional facility pending when he meets the bail conditions.
Recall that the federal government had initially slammed 20 charges of procurement fraud to the tune of N6.5 billion against the former CBN governor.
But FG reduced the charges to six to the tune of N1.2bn, which he was arraigned on last Friday.
