Emefiele Leaves Kuje Prison

Emefiele Leaves Kuje Prison

Emefiele Leaves Kuje Prison–  Mr. Godwin Emefiele, the former Governor of the Central Bank of Nigeria (CBN), was liberated from the Kuje Custodial Centre in Abuja on December 23, 2023. This release ensued after his legal team successfully perfected his bail.

Presiding over the case, Justice Hamza Muazu sanctioned Emefiele’s release on a bail amounting to N300 million, with the stipulation of securing two sureties in a similar sum. The granting of bail transpired subsequent to Emefiele’s arraignment on November 18, facing a six-count charge centered on procurement fraud. The charges alleged that he utilized his authority to bestow a corrupt advantage upon CBN staff Sa’adatu Yaro by awarding a contract for procuring 43 vehicles valued at N1.2 billion between 2018 and 2020.


During his confinement in Kuje, Emefiele was compelled to surrender all his travel documents to the court’s registrar and was confined to the Abuja Municipal Area Council (AMAC).

The Federal Capital Territory (FCT) Command of the Nigeria Correctional Service (NCoS) officially confirmed Emefiele’s release around 2 pm on Friday.

RELATED POST: Emefiele Redesigned Naira Without Authorization, Embezzled Trillions

Emefiele’s tenure as CBN Governor is currently the subject of intense scrutiny, facing accusations of embezzling substantial amounts and engaging in various financial improprieties. Jim Obazee, the Special Investigator overseeing the CBN probe, submitted a comprehensive report after four months of investigation. The report alleges Emefiele’s involvement in a fraudulent cash withdrawal of $6.23 million and fraudulent activities related to the redesign of the naira. Additionally, it claims that he held 543.4 million pounds in the United Kingdom.

A recent disclosure by VOTP News highlighted that Emefiele lacked proper authorization from the Buhari’s Administration to redesign the Naira. This revelation was a component of Obazee’s report, presented to President Tinubu on December 9, 2023.

RELATED POST: Godwin Emefiele Arrested by EFCC on Financial Crime Charges

VOTP News remains steadfast in its commitment to delivering corroborated reports as the legal proceedings unfold, pledging transparency and precision in its coverage of the evolving charges against Mr. Godwin Emefiele.

Emefiele Leaves Kuje Prison

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