The High Court of the Federal Capital Territory, Maitama, on Wednesday admitted the former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele to conditional bail after 151 days in detention.
Justice Olukayode Adegbola Adeniyi held that Emefiele had stayed in government security custody beyond the time stipulated by law.
The Judge also predicated his decision on the fact that the Federal Government had completed investigation into the allegations against the former CBN Chief and had even prepared the charged against him as far as August this year.
On the bail conditions, the court held that Emefiele must be released to his Senior lawyer Matthew Burkaa SAN who must produce him any day the Federal Government chooses to arraign him.
Emefilele is also to deposit his travelling passport with the Registrar of the Court pending his formal arraignment.
In a ruling on the application for bail argued by Mathew Burkaa, SAN, Justice Adeniyi held that it is in the best interest of justice and fair play especially the provision of section 35 of Nigeria’s Constitution to follow the rule of law.
The Judge specifically said that there must be an end to detention without trial by the federal holiday.
Both the FG, and AGF re-presented by Oyin Koleoso had strongly objected to Emefiele’ s request for bail on the ground that he would interfere with the November 15 arraignment but did not tell the court how the interference would be done.
EFCC on its part through its counsel, Farouk Abudalla insisted that Emefiele had not spent three months in its own custody and urged the Court to refuse the bail request.
Counsel to the applicant however punctured the opposition of the Federal Government adding that the claim of likelihood of interference in arraignment was speculative because his client was not declared a flight risk.
He told Justice Ademiyi to disregard the claim of EFCC that Emefiele was brought to its custody only October 26.
The Senior lawyer informed the Court that the former CBN boss was investigated by a team of inter Ministerial Investigators from EFCC, Police and Department of the State Security Service DSSS which jointly constituted government agency.
