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Emefiele: Court Orders Unconditional Release Of ex-CBN Governor

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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The High Court of Justice in the Federal Capital Territory (FCT) has ordered the unconditional and immediate release of the immediate-past Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele.

Justice O.A. Adeniyi gave the order after Emefiele filed a Motion Ex-parte, seeking his release from the custody of the Economic and Financial Crimes Commission (EFCC) pending the hearing and determination of the Originating Motion.

The applicant named the Federal Republic of Nigeria, the Attorney-General of the Federation, (AGF) the Executive Chairman of the EFCC, and the EFCC itself as the respondents.

The court order includes the following key provisions: Immediate and Unconditional Release: The court ordered the 3rd and 4th Respondents (the Executive Chairman and the EFCC) to unconditionally release Emefiele from detention forthwith. Alternatively, they are directed to produce him in court on the date fixed for the hearing of the substantive Motion on Notice, with the possibility of being admitted to bail by the Court.

On the hearing of the Substantive Motion, the court set the date for the hearing of the substantive motion on notice for Monday, November 6, 2023, at 1pm.



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