BREAKING: Court grants Emefiele N20m bail
Written by Broadstreet Admin on July 25, 2023
A federal high court in Lagos has granted bail to Godwin Emefiele, suspended governor of the Central Bank of Nigeria (CBN), in the sum of N20 million.
In a ruling on Tuesday, Nicholas Oweibo, the presiding judge, said the charges against Emefiele are bailable.
The bail was granted with one surety in like sum.
Earlier, Emefiele pleaded not guilty to the two-count charge bordering on alleged illegal possession of firearms.
The ministry of justice is prosecuting him on charges of possessing a single-barrelled shotgun (JOJEFF MAGNUM 8371) without a licence.
He is also accused of illegally being in possession of 23 rounds of live ammunition (cartridges) without a licence.
The defendant committed the offences on June 15, 2023, at No. 3b Iru Close, Ikoyi area of Lagos.
