The Federal Capital Territory High Court sitting in Maitama, Abuja, granted Emefiele bail in the sum of N2bn.
He had been arraigned earlier in the day on eight fresh counts tied to what prosecutors described as the unlawful acquisition of a 753-unit housing estate in Abuja.
The property, located at Plot 109, Cadastral Zone C09 in the Lokogoma District, reportedly came under the EFCC’s radar due to claims that Emefiele acquired it through a proxy scheme involving one Eric Ocheme, who, according to the charge sheet, is currently at large.
Filed under charge number CR/350/25 and dated May 30, 2025, the case was brought by the Economic and Financial Crimes Commission.
