The High Court in the Federal Capital Territory has issued an order to remand Godwin Emefiele, the former Governor of the Central Bank of Nigeria, in the Kuje Correctional Centre while awaiting the decision on his bail application.
Emefiele is currently facing trial for alleged procurement fraud. After being postponed three times, the trial finally took place on Friday. Initially, the Federal Government had filed 20 charges of procurement fraud amounting to N6.5 billion against the former CBN governor.