Justice Hamza Muazu of the FCT High Court on Tuesday adjourned until January 18 and 19, 2024, the trial of former Governor of the Central Bank of Nigeria (CBN).
Emefiele is standing trial on a six-count amended charge on alleged procurement of vehicles to the tune of N1.6bn.
The prosecution accused Emefiele of abusing his position to confer a corrupt advantage on Sa’adatu Yaro, a staff member of the CBN by awarding a contract for the procurement of 43 vehicles worth N1.2 billion between 2018 and 2020.
He had pleaded not guilty to the charges.
The embattled ex-CBN czar was subsequently remanded at the Kuje Correctional Centre pending a ruling on his bail application on November 22.
On November 22, the judge granted Emefiele bail in the sum of N300 million.
He added that the former CBN governor must produce two sureties in like sum.
The judge noted that the sureties must have certificates of occupancy and titles of properties within the Maitama district in Abuja.
Seven days later, the former CBN governor is still languishing in prison custody due to his ability to perfect the bail conditions, his lawyer, Mathew Burkaa confirmed.
He admitted that the main stumbling block was getting two sureties with landed properties in the Maitama District of Abuja.
However, he stated that his team was making efforts to perfect the bail conditions.
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