A Federal Capital Territory High Court in Abuja has granted a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, bail in the sum.of N300 million and two sureties in like sum.
Ruling on his bail application on Wednesday, Justice Hamza Muazu, said the sureties must have Certificates of Occupancy and titles of property within the Maitama District.
He also ordered Emefiele to deposit all his travel documents with the registrar of the court and to remain within the Abuja Municipal Area Council.
Muazu held that the former CBN Governor be kept in Kuje Correctional Centre till he meets the bail conditions
Emefiele is standing trial for alleged procurement fraud.
The Federal Government had initially preferred 20 charges of procurement fraud to the tune of N6.5 billion against the former CBN Governor.
But it later reduced the charges to six to the tune of N1.2 billion.
Muazu had at the last proceeding, remanded Emefiele in Kuje prison pending ruling on his bail application.
He adjourned the matter till November 28 for the commencement of trial.