/ May 16, 2026
/ May 16, 2026

BREAKING: Emefiele gets N300m bail over new Naira note printing

Published on

By

Former Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has been granted a N300million bail following his arraignment on a four-count charge of printing new naira notes without observing due process.

Emefiele pleaded not guilty when the charge brought against him by the Economic and Financial Crimes Commission (EFCC) was read.

The ex-Governor of the CBN is the sole defendant in the charge before Justice Maryanne Anenih of the High Court of the Federal Capital Territory (FCT) in Maitama.

Other conditions attached to the bail include that he should produce two sureties who must each possess titled property within the Maitama area of the Federal Capital Territory (FCT).

Read Also:

EFCC slams Emefiele fresh 26-count abuse of office charge

Justice Anenih ordered the defendant to deposit his travel documents with the court and should not travel outside the country without the permission of the court.

The judge adopted the conditions attached to a similar bail earlier granted Emefiele by Justice Hamza Muazu (another judge of the High Court of the FCT), before whom he is being tried on another criminal case.

Justice Anenih said it would suffice if Emefiele was able to produce the certified true copies (CTCs) of the documents he submitted in fulfilment of the bail earlier granted by Justice Muazu.

She adjourned till May 28 for the commencement of trial.

You May Like

2 thoughts on “BREAKING: Emefiele gets N300m bail over new Naira note printing

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Nigeria President Bola Tinubu and President Paul Kagame meeting in Kigali during the Africa CEO Forum, discussing bilateral cooperation and trade relations.

Nigeria grants visa-free entry to Rwandan citizens for 30 days

Nigeria has begun implementing a 30-day visa-free entry policy for citizens of Rwanda, in a move aimed at strengthening diplomatic ties and easing travel between both African nations.   According to Channels Television, the policy took effect following an announcement by Bola Ahmed Tinubu during the Africa CEO Forum in Kigali. The visa exemption grants Rwandan nationals access to Nigeria for up to 30 days for lawful activities including tourism, business and official engagements.   The Nigeria Immigration Service confirmed the new arrangement in a statement issued on Friday by its spokesperson, Akinlabi Akinsola. The agency described the measure as a landmark step in deepening bilateral relations and promoting intra-African mobility.   Immigration authorities said the visa waiver mirrors an earlier concession by Rwanda to Nigerian travellers, making the arrangement reciprocal between both countries.   Officials stressed that any Rwandan visitor seeking to remain in Nigeria beyond the 30-day period must obtain the appropriate visa through Nigerian diplomatic missions or the country’s e-visa platform.   The immigration service added that all international entry points, including airports, seaports and land borders, have been directed to enforce the policy immediately in line with the presidential directive.   The agency said the decision supports broader continental integration goals and is expected to encourage tourism, trade and stronger economic cooperation between the two countries.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.