JUST IN: Court grants Emefiele N50m bail

The Lagos State Special Offences Court on Friday granted the embattled former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, bail in the sun of of N50 million.

He was admitted to bail with two sureties in like sum by Justice Rahmon Oshodi.

The presiding judge, Justice Rahman Oshodi, who gave the ruling during the bail hearing, also stipulated that the sureties must be employed and able to provide evidence of three years’ tax payments to the Lagos State Government.