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Home»Judiciary/Legislature/Law & Human Rights»Emefiele meets bail conditions, released
Judiciary/Legislature/Law & Human Rights

Emefiele meets bail conditions, released

Abdoulaye KayBy Abdoulaye KayApril 13, 2024Updated:April 13, 2024No Comments4 Mins Read
Godwin Emefiele in Court
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The former Central Bank of Nigeria (CBN) governor, Godwin Emefiele, has met bail conditions and was released by the Court.

Emefiele, who arrived at the Lagos High Court, Ikeja in the custody of operatives of the Economic and Financial Crimes Commission (EFCC) on Friday, left for his home after the court proceedings.

Justice Rahman Oshodi, who ruled on his bail application, admitted him to bail in the sum of N50m with two sureties in like sum.

Shortly after the court granted him bail, the trial started with the EFCC calling its first prosecution witness.

The witness, a staff of the Central Bank of Nigeria (CBN), Monday Osazuwa, told the court how the former CBN Governor on different occasions, directed him to collect the sum of $3 million cash in tranches.

ALSO READ “I am not guilty to new charges” – Emefiele

Led in evidence by the prosecution counsel, Senior Advocate of Nigeria, Rotimi Oyedepo, the witness narrated to the court how he served as a dispatch rider in Zenith Bank, after which he joined the apex bank as well as the many errands he ran for the former CBN governor.

He said, “I joined the CBN in 2014 as a contract staff and became a staff in 2015. I knew the first defendant when he was a Deputy Director of Zenith Bank, and he later became Director. I worked with him since then.

“I was still working in the governor’s office when I was appointed as a full staff, and we usually communicate through WhatsApp and Emails. I performed as a senior supervisor, recording, and filing with other official roles.”

He also testified that sometime in 2020, the first defendant sent him on an errand.

“When he called me, he directed that I should call a businessman who gave me $1 million on his behalf. Some weeks later, the first defendant also called me that I should meet the man and he gave me $850,000, $750,000, and $400,000 cash in tranches.”

Osazuwa further confirmed to the court that he knew Dumies Oil and Gas Limited while he was in Zenith Bank Plc. He added that the former CBN governor, who was also the MD of the company, always sent him to collect cheques from one Mr Monday.

The witness told the court that he always logged the money into the account of Dumies on the order of Emefiele.

When he was asked where the second defendant resides, he responded that Henry Isioma Omoile lived in the residence of the former CBN governor.

His words, “Whenever I receive the money and take it to the residence of Mr Emefiele. He always told me to give it to the second defendant whenever he was not at home.

“I did not keep a record of transactions because the instruction he gave me was that, I should collect the money and bring the money to his house. The highest amount I collected is $1 million all in cash.

“He has never for one day said take this. I have never been rewarded, paid, or given anything because I am doing it out of faithfulness and he knows I am faithful to him.”

The witness was cross-examined by the defendant’s counsel, Abdulakeem Labi-Lawal.

The witness confirmed to the court that he had been working with the defendant since 2002 but he could not say the precise number of years or months he had seen the second defendant.

Osazuwa said that he was sure that Omoile had been living in Emefiele’s house for some months.

He affirmed that Emefiele passed instructions to him through the second defendant and that he had been collecting cheques for Dumies Oil and Gas.

“I started collect collecting cheques for Dummies Oil and Gas when I was in Zenith Bank. I cannot calculate the exact year I have been collecting the cheques but it all started when the first defendant was the MD at Zenith Bank and I was working at Zenith Bank Plc.”

ALSO READ CBN employee reveals how he collected $3m cash for Emefiele

The witness told the court that when he was made to confront the second defendant during the investigation, the second defendant did not admit that instructions were passed through him.

Before the witness testified, Justice Oshodi turned down a request for adjournment made by the defence counsel.

He ruled that the request for adjournment was unjustified.

The court has adjourned to April 29 for the continuation of the trial and hearing some applications requesting a closed session for some of the prosecution’s witnesses.

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Bail Godwin Emefiele
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Abdoulaye Kay
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