The former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has been granted a bail in the sum of N300 million.
The order was issued on Wednesday, by Justice Hamza Muazu of the High Court of the Federal Capital Territory (FCT) in Maitama.
The judge also ruled that the embattled former CBN governor should produce two sureties, who must have landed property in the Maitama District of the FCT.
Emefiele was not in court during today’s proceedings, having been remanded at Kuje Prison last week.
Another FCT High Court had two weeks ago ordered his release in a fundamental human rights suit he instituted against the federal government.
The court adjourned till November 28 for the commencement of trial.
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.
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Meanwhile, a truck conveying humans and animals, on Wednesday morning, crashed along the Lagos-Ibadan expressway, killing one person.
The truck crashed around Sandcrate to Fidiwo at about 6am.
The Federal Road Safety Corps (FRSC) confirmed that 15 male adults were involved in the crash.
“Seven persons were injured and one person was recorded dead from the lone crash,” said Florence Okpe, the FRSC spokesperson in Ogun.
According to Okpe, “One vehicle was involved with no registration number on it, a Daf truck conveying both passengers and animals.”
Okpe blamed the lone crash on a tyre burst while speeding, which she said led to loss of control.
The FRSC said the injured victims had been taken to Victory Hospital, Ogere for medical attention.
She added that “FRSC operatives are still managing the situation and traffic has been diverted to the other lane to remove the obstruction off the road.”