Godwin Emefiele, the former governor of the Central Bank of Nigeria, has been placed under house arrest in the Kuje Correctional Centre by order of the Federal Capital Territory High Court, pending the outcome of his bail application.
Emefiele is in court on accusations of procurement fraud.
After three postponements, the trial finally convened on Friday.
At first, the Federal Government had chosen to file 20 charges against the former CBN governor for procurement fraud totaling N6.5 billion.
However, the FG dropped six allegations against him, totaling more than N1 billion, when he was arraigned on Friday.
At Friday proceedings, Emefiele’s counsel, Mathew Burkaa SAN, moved the application for bail but the FG counsel, Rotimi Oyedepo vehemently opposed granting bail to the former CBN governor.
The presiding judge, Justice Hamza Muazu said a bench ruling could not be delivered in view of the plethora of authorities cited by the two parties.
The judge stated that he required some time to review the evidence provided by Emefiele to support his bail plea as well as to research the relevant authorities.
However, he gave an order for Emefiele to be placed under arrest in the Kuje jail while his bail request was processed.
Muazu then postponed the case to November 28 for the start of the trial and November 22 for a decision on the bail application.
After serving 151 days in jail, Justice Olukayode Adeniyi issued an order on November 8th directing his release to his attorneys. This ruling is for his remand.