Former Central Bank of Nigeria (CBN) governor Godwin Emefiele will remain imprisoned for failing to meet the N300 million bail condition ordered by a High Court of the Federal Capital Territory (FCT).
The court also adjourned the case to January 18, 2024, for the continuation of trial.
At the resumed hearing, the Prosecution Witness, who is a top official of the Corporate Affairs Commission (CAC) told the court that Emefiele was not the owner or a shareholder of the April1616 Investment Limited, awarded N1.2bn vehicle supply contract by CBN under Emefiele.
He was led in evidence by EFCC lawyer, Rotimi Oyedepo, while tendering several documents on how the company was incorporated on August 1, 2016.
He further read out the names of the shareholders of the Company which comprises Aminu Yaro, Maryam Abdullahi and Saadatu Yaro as joint owners of the entity.
Emefiele’s lawyer, Mathew Burkaa, who declined to speak on camera, said Emefiele is yet to meet his bail conditions.
Counsel for the Economic and Financial Crimes Commission (EFCC) and the Federal Government declined to speak on the day’s proceedings.
The court held that Emefiele should produce two sureties, who must have landed property in the Maitama District of the FCT.
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