Finally, Emefiele Meets Bail Conditions, Regains Freedom Michael Olugbode in Abuja Former Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has been released from the Kuje Correctional Centre after fulfilling his bail conditions. Emefiele’s release was
confirmed yesterday by the spokesperson for the Kuje Correctional Centre, Federal Capital Territory (FCT), Adamu Duza. He said: “I can confirm to you that he (Emefiele) has met his bail conditions, hence he has no reason to remain in
our facility. “He met his bail condition and was released past 2p.m. yesterday (Friday).” Emefiele, who is being tried for alleged procurement fraud, was granted N300 million in bail by the Federal Capital Territory (FCT) High Court
in Abuja. Justice Hamza Muazu granted the bail with two sureties in like sum. According to the judge, the sureties had to possess titles and certificates of occupancy for homes located in Abuja’s Maitama District.
In addition, he mandated that Emefiele stay inside the Abuja Municipal Area Council and also surrender all his travel documents to the court registrar. The judge, however, ordered that Emefiele should remain in Kuje Correctional Centre till he meets the bail conditions.
The Economic and Financial Crimes Commission (EFCC) had objected to Emefiele’s bail application, but Justice Muazu rejected their argument that the ex-CBN governor was a flight risk who might breach bail, Continued on page 6
Report: Cost of Transportation Soars 64% as Fuel Prices Skyrocket… Page 8 Sunday, December 24, 2023 Vol 28. No 10483
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Babangida: I Have No Regret Fighting in Nigerian Civil War… Page 8
Titan Trust Bank Faults CBN Investigator, Says No Fraud in Acquisition of Union Bank Obazee accuses Emefiele of using proxies to buy Union Bank through Titan Trust Bank and Keystone Bank without payment Emmanuel Addeh in Abuja Titan Trust Bank (TTB) yesterday
reacted to the special investigative report by the Jim Obazee panel into the activities of the Central
Bank of Nigeria (CBN) under Godwin Emefiele, insisting that there was no fraud in the
acquisition of Union Bank. Obazee, had on Wednesday submitted the report of his
investigations into the acquisition of Union Bank and Keystone Bank to President Bola Tinubu
in two separate letters dated Continued on page 5
2024 Will Be a Glorious Year for Nigerians, Remi Tinubu Declares NLC wants concrete measures to reduce hardship, not handouts Seeks platforms to enable people create wealth Onyebuchi Ezigbo in Abuja The First Lady, Senator Oluremi Tinubu, yesterday said the year 2024 would be glorious for Nigerians. This is as the Nigeria Labour Congress (NLC) has told the federal government that Nigerians want concrete actions to reduce the nationwide hardship and not handouts. The union called on the government to create effective platforms to enable the people to unleash their robust energies for wealth creation, stressing that impoverishing the people insults their sensibilities. Meanwhile, the first lady made the declaration at the State House in her Christmas message after she held an elaborate Christmas party for the children of Nana Berry Orphanage, Abuja. She also advised parents to Continued on page 5
A NEW FRIEND OF NDIGBO… L-R: Senator representing Anambra South Senatorial District, Senator Ifeanyi Ubah; Vice President Kashim Shettima; Businessman, Prince Arthur Eze; and Imo State Governor, Senator Hope Uzodimma, when vice president was conferred with the chieftaincy title of ‘Enyi Ndigbo’ by the traditional ruler of Ukpo Dunukofia in Anambra State, Igwe Robert C. Eze, during his 32nd Ukpo Ofala celebration... yesterday
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