VAM News Update
THE Federal Capital Territory High Court has adjourned till January 18, 2024, for the continuation of the trial in the alleged procurement fraud suit against a former Central Bank of Nigeria’s Governor, Godwin Emefiele.
According to Punch, Emefiele was accused of using his position to confer a corrupt advantage on Sa’adatu Yaro, a staff member of the CBN by awarding a contract for the procurement of 43 vehicles worth N1.2 billion between 2018 and 2020.
He was subsequently remanded at the Kuje Correctional Centre pending a ruling on his bail application on November 22.
Justice Hamza Muazu, however, granted Emefiele bail in the sum of N300 million.
He added that the former CBN governor must produce two sureties in like sum.
The judge noted that the sureties must have certificates of occupancy and titles of properties within the Maitama district in Abuja
Emefiele has yet to meet his bail conditions as he was brought to court and taken away by armed personnel of the Nigerian Correctional Service.
THE Federal Government has unveiled a partnership initiative aimed at equipping over six million Nigerian…
News Update Twenty five members of the Osun Stateosu Hpouse of Assembly have defected from…
THE Commissioner of Police in Ondo State, Adebowale Lawal, has stressed the need for religious…
Governor of Adamawa State, Ahmadu Umaru Fintiri, has formally announced his defection from the Peoples…
News Update THE Redeemed Christian Church of God (RCCG), Continent 3, says it will empower…
News Update First daughter of Anambra State Governor, Adaora Soludo has been appointed Women’s Leader…