BREAKING: Court Allows Ex-CBN Gov Emefiele to Travel, Gives Condition
- The former CBN governor, Godwin Emefiele, has been granted permission to travel out of Abuja by the FCT federal high court
- Emefiele got the permission on Thursday morning after filing for the review of his bail application before the court through his lawyer, Mathew Bukka
- The former governor of the CBN is facing multiple charges filed by the EFCC, including misappropriation of funds and abuse of office
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Legit.ng journalist Bada Yusuf is an accomplished politics and current affairs editor, boasting over seven years of experience in journalism and writing.
FCT, Abuja - Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), has been granted permission to travel out of the Federal Capital Territory (FCT).
A federal high court of the FCT granted permission to the ex-CBN governor on Thursday morning, January 18.
Source: Twitter
According to The Punch, the court said the former CBN governor must not travel abroad.
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Court reviews Emefiele's bail term
Emefiele was earlier restricted to Abuja in his bail terms, but through his lawyer, Mathew Bukka, the former CBN governor prayed the court for a variation of the terms.
The banker and economist, who recently met his N300 million bail condition, is facing multiple charges filed by the Economic and Financial Crimes Commission (EFCC).
They include alleged fraudulent foreign exchange that crippled the naira against the dollar when he was in office as the CBN governor.
EFCC writes over 85 entities over the probe of Emefiele
It was learned that the anti-graft agency had written to more than 85 entities, including corporate organisations and individuals, over its ongoing investigation into the allegation that fraudulent foreign exchange rates were rampant under the ex-CBN governor.
A source in the EFCC said the discoveries in the current probe of forex transactions under Emefiele's reign could be included in the amended charges against him.
The source said the investigation was independent of Jim Obazee's report, the special investigator President Bola Tinubu appointed to investigate the CBN.
Court orders FG to pay Emefiele N100m
Legit.ng earlier reported that the federal government was directed to pay the sum of N100 million to Emefiele.
The high court in Abuja gave the order to Tinubu's administration over violating Emefiele's right to personal liberty.
According to the court, it is now time for the court to stop the illegal arrest by the EFCC and the DSS.
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Source: Legit.ng
