Former Central Bank Governor, Godwin Emefiele, has been remanded in the Kuje Correctional Centre following an order by Justice Hamza Muazu of the High Court of the Federal Capital Territory, FCT, Abuja.
The remand is pending the determination of Emefiele’s request for bail.
Emefiele was arraigned by the Federal Government on a six-count charge related to alleged procurement fraud.
The original charge, initially consisting of 20 counts amounting to N6.5 billion, has been reduced to six counts totaling N1.6 billion.
Emefiele is the sole defendant in the amended charge.
According to the amended charge sheet, the allegations against Emefiele revolve around the illegal purchase of 43 vehicles worth N1.2 billion between 2018 and 2020.
Additionally, he is accused of awarding a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.
Upon the reading of the charges, Emefiele pleaded not guilty.
The former Central Bank Governor will remain in Kuje prison until November 22, when his bail motion will be heard.
The case has attracted significant attention, as Emefiele’s tenure as Central Bank Governor was marked by notable policy reforms.
As the legal proceedings unfold, the public eagerly awaits further developments in this high-profile case.
The outcome of his bail hearing willshape the Progress of the proceedings moving forward.