An FCT High Court has granted the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, bail in the sum of N300 million.
The presiding judge, Justice Hamza Muazu, on Wednesday, November 22, also ordered Emefiele to produce two sureties in like sum.
Justice Muazu ordered that the sureties must have certificates of occupancy and titles of properties within the Maitama District.
Emefiele was mandated to deposit all his travel documents with the registrar of the court and must remain within the Abuja Municipal Council.
He is expected to remain in Kuje Correctional Centre pending when he meets the bail conditions.
READ ALSO: Court sends Emefiele to Kuje prison
The judge, therefore, adjourned the hearing of the trial until November 28.
This comes four months after the Federal High Court Sitting in Lagos admitted Emefiele to bail in the sum of N20 million.
Emefiele is standing trial for alleged procurement fraud.
The federal government had initially preferred 20 charges of procurement fraud to the tune of N6.5 billion against the former CBN Governor.
The government later reduced the charges to six to the tune of N1.2 billion, which he was arraigned on last Friday.
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