In granting him bail, Justice Muazu held that the sureties must have certificates of occupancy and titles of properties within the Maitama District.
The judge also ordered that Emefiele must remain within the Abuja Municipal Council and to deposit all his travel documents with the registrar of the court.
The former CBN boss who was absent in today’s court proceedings will however remain in Kuje Correctional Centre, where he was remanded last Friday, pending when he meets his bail conditions.
In the amended charge sheet, the federal government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion.
The former banker was also alleged to have awarded a contract for the procurement of 37 Toyota Hilux Vehicles valued at N854 million.
Count one read, “That you, Godwin Ifeanyi Emefiele, male, adult, sometime in 2018 within the jurisdiction of this Honourable Court did use your position as Governor of the Central Bank of Nigeria to confer a corrupt advantage on Sa’adatu Ramallan Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of 37 Toyota Hilux Vehicles at the cost of N854,700,000 only to April1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro is a director and thereby committed an offence.
The count two of the amended charge read that Emefiele used his position to corruptly confer an advantage on Yaro, a staff of the Central Bank of Nigeria by awarding a contract for the supply of one Toyota Avalon at the cost of N99,900,000 only to April1616 Investment Ltd, a company in which the said Sa’adatu Ramallan Yaro Director and thereby committed an offence.
The federal government also accused Emefiele of conferring corrupt advantage contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000 by awarding a contract for the supply of one Toyota Landcruiser V8 April1616 Investment Ltd., in 2019 at the cost of N73 million.
The fourth count alleged that the former CBN boss illegally awarded a Toyota Landcruiser V8 valued N73,800,000 to April 1616 Investment Ltd.
He was also accused of awarding a contract to Yaro for the supply of two Toyota Hilux Shell Specification Vehicles at the cost of N44,200,000 in 2020.