Emefiele is standing trial on an alleged procurement fraud. The Federal Government had initially preferred 20 charges on procurement fraud to the tune of N6.5 billion against Mr. Emefiele, and would later reduce the charges to six to the tune of over N1bn.
The trial which had been stalled on three occasions finally held earlier today as Mr. Emefiele’s counsel, Mr. Mathew Burkaa moved the application for bail but the FG counsel, RotimiOyedepo vehemently opposed granting bail to the former CBN governor.
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