Former CBN Governor Godwin Emefiele was granted bail on June 25, 2025, in a fresh N7.7bn money laundering case. The Abuja High Court mandated two sureties with properties worth N2 bn each in Abuja to be verified within 72 hours. Emefiele, who denies the charges, faces tightened scrutiny as the EFCC pursues the case.
- Emefiele’s bail conditions include two sureties with Abuja properties valued at N2 bn each.
- The court gave a 72-hour deadline for sureties’ documentation and verification.
- EFCC filed fresh 8-count charge, including N7.7bn laundering.
- The court warned Emefiele would be remanded if the bail terms are not met.
- Accusations include owning a 150 sqm estate in Lokogoma, Abuja.
The bail terms, likely among the strictest in recent high-profile corruption cases, suggest the court’s intent to balance public outrage and due process. Emefiele's legal troubles continue to deepen, despite being on bail in three other cases. The new estate-linked charges hint at a widening EFCC net around his financial dealings during his CBN tenure.
This case isn’t just about one man; it’s about the integrity of Nigeria’s financial system. As the EFCC piles on new charges, public scrutiny will only intensify around both the judiciary’s resolve and the outcomes.
SOURCES : Premium Times, The Cable, EFCC Press Release
