Godwin Emefiele, the former governor of the Central Bank of Nigeria, has been placed under confinement 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.
The Federal Government had initially preferred 20 charge on 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 over N1bn which 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.
