Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), has been placed under remand at the Kuje Correctional Facility by a Federal High Court in Abuja, pending a decision on his bail application.
After Emefiele was arraigned and entered a not guilty plea to a six-count revised charge presented against him by the Economic and Financial Crimes Commission (EFCC), Justice Hamza Muazu issued the decision on Friday.
Rotimi Oyedepo fiercely fought the bail motion made by his main attorney, Mathew Burkaa SAN, on behalf of the Federal Government.
Following the hearing of arguments for and against the application, Justice Muazu declared that the volume of authorities mentioned by the two sides precluded the delivery of a bench ruling.
The judge stated that he required some time to review the evidence provided by Emefiele to support his bail plea as well as to research the relevant authorities.
As of the time of this report, a vehicle to transport him to prison has been requested by Kuje prison authority personnel.
Additional information on this report will be made available as soon as possible on the Intel Region WhatsApp group.