Emefiele, represented by his lawyer, Mathew Bukka, SAN, had sought a modification of the terms in his bail conditions.
On November 22, 2023, Justice Hamza Muazu of the FCT High Court granted Emefiele bail in the sum of N300m with two sureties in like sum.
Justice Muazu specified that the sureties must possess landed property in the Maitama District of the FCT.
The judge also instructed the former CBN governor not to depart from the court’s jurisdiction and mandated him to lodge all his travel documents with the court.
During the Thursday proceedings, Bukka requested the court to fulfill his client's prayers.
He assured the court that Emefiele would not evade bail if the restriction was lifted.
Bukka added that the defendant’s traveling documents are with the court, emphasizing that, given the defendant's status, he wouldn't evade bail.
The counsel for the Economic and Financial Crimes Commission, Rotimi Oyedepo, SAN, did not express any objections.
He said, “From experience, we have seen cases where travel documents are with the court and the defendant will travel out of the country. What they usually do is to go to the immigration and depose an affidavit that their traveling documents are missing.
“So, in addition to his traveling documents being with the court, he should write an undertaking that the defendant will remain in Nigeria for the duration of his trial. I am not in any way suggesting the defendant will jump bail. ”
Ruling, the judge held that Emefiele must remain in the country pending the conclusion of his trial.
He said, “The defendant’s application is hereby granted. He must remain in the country for the pendency of his trial. “