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Tuesday, May 28, 2024

Judge sends Emefiele to EFCC custody over abuse of office

Judge sends Emefiele to EFCC custody over abuse of office

The Lagos State High Court sitting in Ikeja has ordered the remand of the former Central Bank Bank (CBN) Governor, Godwin Emefiele, in the custody of the Economic and Financial Crimes Commission (EFCC).

Justice Rahman Oshodi gave the remand order over alleged abuse of office and $5.5 billion and N2.8 billion fraud.

Meanwhile, the judge ordered that Emefiele’s co-defendant, Henry Isioma-Omoile, should be detained at Ikoyi Custodial Centre.

READ ALSO: Buhari/Emefiele and the albatross of too much trust

The defendants counsel, A. Labi-Lawal, had in his two bail applications urged the court to grant the defendants bail on self-recognition and on liberal terms pending the determination on the case.

Labi-Lawal, in his 31-paragraphed affidavits, said the first defendant (Emefiele) had complied with the bail application which was given to him by Justice Muazu in his alleged fraud trial case going on in Abuja.

He said the charges were bailable offences and not a capital offence.

“Though the first defendant was granted administrative bail by the prosecuting authority, he is seeking for bail based on self recognition and he is ready to attend the court.”

READ ALSO: Witness reveals how Buhari, Emefiele, Gambari approved $6.2m for international election observers

“The court should also take into consideration, the status of the first defendant as he was the former CBN governor of the country,” he said.

The defence counsel said his client had religiously presented himself before Justice Muazu in Abuja to answer the allegations before him.

According to him, the first defendant was not at flight risk, as he was the first person to arrive in court.

He also prayed the court to release Emefiele to lawyer, pending the determination of the bail.

Emefiele and his co-defendant pleaded not guilty to the 26-count charge bordering on abuse of office, accepting gratification, accepting gifts through agents, corruption, and fraudulent property receipt.

READ ALSO: Emefiele secretly resigns, paves way for Cardoso’s nomination as CBN governor

The defendants, however, pleaded not guilty, following their arraignment.

The EFCC counsel, Rotimi Oyedepo (SAN), did not oppose the bail application moved by the defence counsel.

Oyedepo, however, urged the court to exercise its discretion judiciously in granting bail to the defendants.

The prosecution had asked the court for a trial date, following the plea of the defendants.


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