Former CBN Governor Emefiele Freed From Kuje Facility.

Former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been released from the Kuje Correctional Centre in Abuja after meeting his bail conditions.


The development was confirmed on Saturday by Adamu Duza, spokesperson for the correctional facility, stating that Emefiele was released on Friday, December 22.

Emefiele, who served as CBN chief from 2014 to 2023, was arrested in June by the Department of State Services (DSS), the day after he was suspended as CBN governor by President Bola Tinubu.

He has since remained in custody and was later arraigned on a 20-count charge of procurement fraud.

The charges were later reduced to one, accusing him of awarding a contract for the purchase of 43 vehicles worth N1.2 billion to a female employee of CBN and her company.

Emefiele was also charged alongside Sa’adatu Yaro, a female employee of CBN, and her company, April 1616 Investment.

Following his plea of “not guilty,” Emefiele was remanded in the Kuje correctional facility in November pending a ruling on his bail application.

On Wednesday, November 22, a federal capital territory high court granted him bail in the sum of N300 million, with strict conditions including two sureties with property within the Maitama district of Abuja.

Emefiele’s release comes amidst ongoing investigations into his tenure at the CBN, where he was accused of operating 593 bank accounts in the United States, the United Kingdom, and China, where Nigerian funds were allegedly kept without authorization by the CBN’s Board and Investment Committee.

According to a report by Jim Obazee, a special investigator appointed by the president, billions of naira were allegedly stolen from the CBN’s accounts by Emefiele and other officials, including a “fraudulent cash withdrawal of $6.23 million” just before the 2023 elections.

“The former governor of CBN, Godwin Emefiele, invested Nigeria’s money without authorization in 593 foreign bank accounts in the United States, China and the United Kingdom while he was in charge,” the report said.

“All the accounts where the billions were lodged have all been traced by the investigator.”

The investigation report stated that in the United Kingdom, 543.4 million pounds were kept by Emefiele in fixed deposit accounts, noting that Emefiele manipulated the Naira exchange rate and committed fraud in the CBN’s e-Naira project.

It also disclosed the embezzlement of $6.23 million from the Central Bank of Nigeria’s vault between February 7 and 8, just two weeks before the presidential and National Assembly elections.

The funds were reportedly released under the pretext of presidential approval for payments to foreign election observers.

He is a free man because they got absolutely nothing on him

They accused him of orchestrating the cash scarcity that accompanied the Naira redesign policy, six months since he left of office Nigerians are still being subjected to a more wicked cash scarcity era

Who are they deceiving

Of course, they can only deceive minions, Agbadorians and Bulabans

They want him to spend Christmas with his family

This guy and buhari should be executed

Coneheaded structures will hang themselves today

Useless man who put a whole nation in jeopardy.
May your generation suffer this same pain you inflict on us all.

The man was arrested because he is an Igbo man

Lastmankc:
This guy and buhari should be executed

Buharri is fulani, they won't touch him

vanbonattel:
The man was arrested because he is an Igbo man

Why was Ekweremadu arrested in the UK... because he is an Igbo man...

Tribal -/blindfolded
.onikuure

blabulu2000:


Why was Ekweremadu arrested in the UK... because he is an Igbo man...

Tribal -/blindfolded
.onikuure

Dieziani
Emefiele
Ekwueme
Olisa metuh

His cash scarcity policy will forever haunt Nigerians...he already set a bad precedence and his successor is upholding it

vanbonattel:
The man was arrested because he is an Igbo man

Always acting like a Victim. Sambo Dasuki was dragged under Fulani, no one said it's because he was fulani.

tunde1200:
Useless man who put a whole nation in jeopardy.
May your generation suffer this same pain you inflict on us all.

Cardoso in change and there is cash scarcity. Should cardoso be classified as a useless man too?

opamoses1:

Always acting like a Victim. Sambo Dasuki was dragged under Fulani, no one said it's because he was fulani.

Dasuki locked buharri and caused him to have a loss. That was pure old Payback.

How about ekwueme and Shagari?

Explain.

vanbonattel:


Dasuki locked buharri and caused him to have a loss. That was pure old Payback.

How about ekwueme and Shagari?

Explain.

Dasuki locked Buhari right? Now do the same for Abdulrasheed Maina

BloomingDale:


Cardoso in change and there is cash scarcity. Should cardoso be classified as a useless man too?

Cardizo is yoruba. They will arrest and lock up any Igbo man in charge of the vaults.

Justiceleague1:
Coneheaded structures will hang themselves today

Phahahahahajaha

tunde1200:
Useless man who put a whole nation in jeopardy.
May your generation suffer this same pain you inflict on us all.

Shatap

Drink Ewedu and purge in ogbomosho

BloomingDale:


Cardoso in change and there is cash scarcity. Should cardoso be classified as a useless man too?

Don't be tribalist in Nairaland again.
If what Emefele did to us all is good to let it happen to you and your generation.

opamoses1:

Dasuki locked Buhari right? Now do the same for Abdulrasheed Maina

That criminal? show me one Igbo man that has committed that level of crime and wasn't shot dead?

tunde1200:


Don't be tribalist in Nairaland again.
If what Emefele did to us all is good to let it happen to you and your generation.

Who was Emefiele taking orders from? Was he ever quarried. Was he ever sacked?

This is just vindictiveness and ethnic bigotry. Wike should take note.

Pussycokie45:


Shatap

Drink Ewedu and purge in ogbomosho

Because his from your tribe you can't see anything bad in him I know.
You will share from the pains he inflicts on us in Nigeria Amin

opamoses1:

Dasuki locked Buhari right? Now do the same for Abdulrasheed Maina

Shagari and Ekwueme?

tunde1200:


Because his from your tribe you can't see anything bad in him I know.
You will share from the pains he inflicts on us in Nigeria Amin

He has started dodging behind insults and swearing on anyone who tells him the truth.

Why couldn't Emefiele boss sack him like Jonathan did to Sanusi?

tunde1200:


Because his from your tribe you can't see anything bad in him I know.
You will share from the pains he inflicts on us in Nigeria Amin

Shatap and stand on your mandate.

Is emifele not APC again? Is Buhari not the best thing that happened to Nigeria after vitamin c.

Animals

vanbonattel:


He has started dodging behind insults and swearing on anyone who tells him the truth.

Why couldn't Emefiele boss sack him like Jonathan did to Sanusi?

Don't mind the banza.

We love Buhari.

We love emefele

We love Bulaba


Nigeria sink quick mbok 🤣🤣🤣

vanbonattel:


Who was Emefiele taking orders from? Was he ever quarried? Was he ever sacked?

This is just vindictiveness and ethnic bigotry. Wike should take note.

So he took orders to give us pain?
And you are ok with that because his your tribe man.
It shall not be well with Emefele because I used to buy money during the hardship.

Amin

vanbonattel:


Shagari and Ekwueme?

President vs Vice president. Same Buhari bundled Umaru Dikko in a diplomatic bag like a common criminal.

Pussycokie45:


Shatap and stand on your mandate.

Is emifele not APC again? Is Buhari not the best thing that happened to Nigeria after vitamin c.

Animals

You are off the point from your write up.
Pray for the pains we went through during your brother introduced hardship happened to you, if what he did is ok by you.

tunde1200:


So he took orders to give us pain?
And you are ok with that because his your tribe man.
It shall not be well with Emefele because I used to buy money during the hardship.

Amin

The way you fear to swear for the buharri that gave the orders, one will think buharri will come to your house and give you a sound beating

Man up, they won't kill you, accuse the main man and stop being petty and tribalistic.

Am still buying money till today, they paid me only 20k for bank yesterday instead of 400

tunde1200:


You are off the point from your write up.
Pray for the pains we went through during your brother introduced hardship happened to you, if what he did is ok by you.

Shatap

Use Ewedu cook fried rice if you no see cash for Christmas shikena