A Federal Capital Territory High Court in Abuja granted bail to former Central Bank Governor Godwin Emefiele on Wednesday.
He was given bail in the amount of N300,000, with two sureties in the same amount.
On Wednesday, Justice Hamza Muazu denied his bail plea, stating that the sureties must have Certificates of Occupancy and titles to property in 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.
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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 the FG reduced the charges to six to the tune of N1.2bn, which he was arraigned on last Friday.
Muazu, at the last proceeding, remanded Emefiele in Kuje prison pending his ruling on the former CBN governor’s bail application.
He adjourned the matter till November 28 for the commencement of trial.
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