The Lagos state Special Offences Court sitting in Ikeja has granted N50 million bail to the former Central Bank of Nigeria Governor, Godwin Emefiele.

He was arraigned on Monday for alleged abuse of office and fraud to the tune of $4.5 billion and N2.8 billion.
The defendant, standing trial along with one Henry Isioma-Omole had pleaded not guilty to the 26-count charge, after which they applied for bail on liberal terms.
Justice Rahman Oshodi, in his ruling, admitted Mr Emefiele to N50 million bail with two sureties in like sum.
Justice Oshodi held that the sureties must be gainfully employed and have three years tax payment with the Lagos State Government.
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