Justice HAMZA MUAZU of the Federal Capital Territory High Court Abuja, has granted the immediate past Governor of the Central Bank, GODWIN EMEFIELE, bail in the sum of 300 million naira and two sureties in like sum.

Ruling on his bail application, Justice HAMZA MUAZU said the sureties must have Certificates of Occupancy and titles of property within the Maitama District.

He also ordered EMEFIELE to deposit all his travel documents with the registrar of the court and to remain within the Abuja Municipal Area Council.

The Judge held that the former CBN governor be kept in Kuje Correctional Centre till he meets the bail conditions.

He thereafter adjourned the matter till November 28 for the commencement of trial.

EMEFIELE is standing trial for alleged procurement fraud.

The Federal Government had initially preferred 20 charges of procurement fraud to the tune of 6.5 billion naira against the former CBN governor.

But the Federal Government reduced the charges to six to the tune of 1.2 billion naira which he was arraigned on last Friday.