The Lagos State Special Offences Court has granted the embattled former Central Bank Governor, Godwin Emefiele, bail of N50 million after being charged with a 26-count bordering on alleged abuse of office and irregular allocation of $4.5 billion and N2.8 billion respectively.

Emefiele was admitted to bail with two sureties in like sum by Justice Rahmon Oshodi on Friday.

 In his ruling today, Justice Rahman Oshodi held that the sureties must be gainfully employed and have paid the three years’ tax of the Lagos State government.

He also ordered that the sureties must show proper identification and be registered in the Lagos State Bail Management System.

The judge stressed that he was satisfied with the bail conditions of N1 million, earlier given to Mr Emefiele’s co-defendant, Henry Isioma-Omoil, who is standing another charge before Justice Olufunke Sule-Hamzat in the Yaba Division of the Lagos High Court.